The Finance Ministry decided to set the customs dollar exchange rate at LE16 as of October and for one month. The dollar exchange rate, which has been stable during the last phase, reached 17.63 for buying and 17.73 for selling.
Egypt’s Trade Ministry is currently preparing a national strategy for the spinning and weaving and readymade garments industries, Minister of Trade Tarek Kabil said in a statement on Saturday.
Development works at the “Tube” depot in Badr city, northeast of Cairo, are 95 percent complete and it will be experimentally operated in November, a statement from the Petroleum Ministry said Saturday.
Some of Egypt’s mobile network operators wanted their request, to increase the prices of mobile calls, to be executed through deductions from the value of the pre-paid cards, a source from the telecom sector said Saturday.
The Red Sea port of Safaga received two ships carrying 1,732 passengers, including 1,500 workers serving pilgrims, 95 trucks and eight cars, spokesman for the Red Sea Ports Authority Malak Youssef said on Saturday.
Armenian President Serzh Sargsyan asserted the importance of promoting economic cooperation with Egypt in line with the agreement reached during the joint committee meetings with the aim of developing a plan on implementing the deals inked between the two sides as soon as possible.
The U.S. Federal Reserve fined HSBC Holdings PLC $175 million on Friday for “unsafe and unsound practices” in its foreign exchange trading business, the latest in a series of fines for banks that fail to prevent market manipulation.