US dollar exchange rate stable at Egypt's banks

Sun, 09 May 2021 - 07:53 GMT

The dollar registered its lowest exchange rate at the National Bank of Egypt, recording EGP 15.60 for buying and EGP 15.70 for selling.

CAPMAS: Number of Egyptians who acquired immigrant status falls by 47.4% in 2020

Sun, 09 May 2021 - 11:45 GMT

The number of Egyptians who gained immigration approvals reached 153 main immigrants and 31 accompanied ones, the report said.

Mullah: Oil sector contribution to GDP reached 24 percent during FY 2019/2020

Sun, 09 May 2021 - 11:37 GMT

The minister's remarks were made during an event marking the International Cooperation Ministry launching of a joint coordination platform with the Oil and Mineral Wealth Sector

Egypt tops emerging markets containing inflation: Cabinet

Sat, 21 Nov 2020 - 01:15 GMT

The Cabinet’s information center published an infographic showing that Egypt tops emerging markets in containing inflation domain.

Investment in Africa’s untapped private sector is key to resilient economic recovery: Al Mashat

Wed, 21 Oct 2020 - 01:39 GMT

Al Mashat, urged for the World Bank and international institutions to tap into Africa’s private sector and support economic recovery.

Egypt's Finance min. announced new facilities to encourage citizens to pay government dues via e-payment

Wed, 30 Sep 2020 - 02:20 GMT

In statements on Wednesday, the minister said these facilities will enable citizens to receive services without any added expenses.

Egypt to become first Arab country to issue Green bonds

Tue, 29 Sep 2020 - 12:03 GMT

Egypt started marketing a five-year U.S. dollar-denominated Green bond on Tuesday at a yield of around 5.75%.

Al Mashat Meets Members of Egyptian Military-Diplomatic Representatives Abroad

Tue, 29 Sep 2020 - 10:50 GMT

Al-Mashat, met with the members of the Egyptian Military-Diplomatic Representatives abroad.

Egypt's Planning Ministry: LE 16.9 bn Suez Canal investments in 2020-2021 plan

Sun, 27 Sep 2020 - 10:33 GMT

The minister further referred to the waterway's role as main source for generating outflow of foreign currency into the country.

Minister of International Cooperation, Korean Ambassador Prioritize Expanding Technological Education to Support Youth in Egypt

Sat, 26 Sep 2020 - 10:13 GMT

Al-Mashat, discussed with Mr. Hong Yin Wook, the new South Korean ambassador in Cairo, future areas of cooperation between Egypt and South Korea.

Egypt's Trade minister: Crisis of Kenya imposing custom tariffs on Egypt's exports settled

Mon, 21 Sep 2020 - 11:05 GMT

She said many Kenyan companies have complained of imposing of tariffs on their exports from Cairo, leading to a halt in handling of Egyptian containers at Kenya's Mombasa harbor.

Egypt's Petroleum min., Naftogaz officials probe boosting investments

Sat, 22 Aug 2020 - 08:57 GMT

In a statement issued on Saturday, the minister said the meeting tackled ways of boosting cooperation in the coming period given the Ukrainian company's willingness to take part in the projected oil and gas tenders.

Maait: LE12.7 bn in this year's state budget for digital transformation projects

Sat, 15 Aug 2020 - 11:56 GMT

In statements on Saturday, Maait said the government is proceeding with the march of digital transformation.

Egypt's Finance min.: Putting into effect tax income amendments to alleviate burdens on people

Sat, 01 Aug 2020 - 09:43 GMT

He said this will contribute to promoting justice with regard to taxes as tax slices would alleviated burdens on people.

CBE: Aman certificates beneficiaries hit 859,000

Sat, 04 Jul 2020 - 12:13 GMT

They bought certificates worth EGP 858 million, it also said.

Saving certificates of NBE, BM garner LE 170bn

Sat, 06 Jun 2020 - 02:46 GMT

Mohamed el Atrebi, the Board Chairman of Banque Misr, told MENA that the bank sold certificates worth 49 billion pounds by the end of the previous week.

CAIRO, USAID ink agreement to improve psychosocial support services

Sat, 30 May 2020 - 12:21 GMT

Minister of International Cooperation Rania el Mashat said on her Twitter account that the initiative aims to improve psychosocial support services.

Egypt's Trade min.: MSMEDA funds 48,743 projects by LE1.19 bn in 4 months

Tue, 26 May 2020 - 09:23 GMT

The minister considered as "good" the amount of funding, taking into account the negative economic impacts that emerged with the outbreak of the coronavirus.

Egypt raises daily limit for cash withdrawal to LE20K

Wed, 22 Apr 2020 - 03:20 GMT

According to El-Etreby, the withdrawal limits for individuals will be modified to be LE 20,000 per day via ATM machines, up from LE 5,000.

Egyptian banks explore multiple avenues to growth

Thu, 02 Apr 2020 - 08:38 GMT

Egypt's banks have emerged from a difficult decade with their appetite for expansion undimmed, The Banker monthly magazine reported on Wednesday.