Egyptian president checks economic performance indicators

Wed, 20 Mar 2024 - 02:03 GMT

That is in light of the recent inflow of funding and investments as well as the investment promotion programmes implemented last year.

CBE gold reserves drop 2.8 percent, assets decline to LE 4.62trn

Mon, 30 Oct 2023 - 04:43 GMT

Egypt’s current gold production is placed at around 15.8 tons annually

Egypt's Eco-tourism: An approach to protecting and preserving nature

Wed, 26 Jul 2023 - 10:25 GMT

The measures include launching the initiative “Towards Green Development for the Tourism Sector” in 2020, in coordination between the Ministries of Environment and Tourism.

1.3M ounces of gold discovered in Egypt's Sukari mine reserves

Wed, 14 Dec 2022 - 11:39 GMT

Since the start of production in 2009, the Sukari mine has produced more than 5 million ounces of gold, and today the expected life of the mine is 14 years.

8 famous activities to enjoy in Nabq Reserve in Egypt’s South Sinai

Sat, 25 Jun 2022 - 01:52 GMT

Nabq Reserve was declared a nature reserve in 1992.

CBE's gold reserves decline by $210M during April

Tue, 10 May 2022 - 11:03 GMT

According to Central Bank data published on its website, the value of gold recorded in foreign exchange reserves amounted to about $7.597 billion at the end of last April, compared to about $7.807 billion at the end of March.

Egypt allocates LE130B reserves in 2022/2023 to absorb rise in prices: PM

Thu, 24 Mar 2022 - 03:21 GMT

Madbouli added that President Sisi made it clear that the state was able, with good and proper planning, to supply sufficient reserves of goods, which enabled the Egyptian state to absorb and deal with this unprecedented crisis.

Egypt's general budget able to withstand shocks, all needs are available: Min.

Wed, 09 Mar 2022 - 04:59 GMT

“The state budget is capable, and Egypt achieved growth rates that exceeded all expectations,” he added.

Egypt's strategic reserve of oil sufficient for up to 6 months

Wed, 23 Jun 2021 - 03:05 GMT

The ministry said, in a statement, Tuesday, that in the context of strengthening the country's stock of supply oil, a representative of the General Authority for Supply Commodities has contracted a quantity of 84,000 tons of raw edible oil, including 73.5 thousand tons of imported oil.

Egyptian banks' assets, reserves abroad jump 90% in 7 months

Tue, 08 Dec 2020 - 03:19 GMT

The Egyptian banks' assets and reserves abroad returned to their previous record levels, a matter which reflects the success of the monetary policy.

Charter flights between Lyon, Hurghada to be launched in 2019

Mon, 17 Dec 2018 - 09:40 GMT

The ambassador unveiled that charter flights between Lyon and Hurghada will be launched in 2019.

Egypt strategic sugar reserves at 6 months: supply ministry

Mon, 13 Aug 2018 - 01:18 GMT

The country expects to produce about 2.3 million tonnes of sugar this year and consumes about 3 million tonnes, filling the gap with imports.

‘Youth Love Egypt’ raises awareness on Fayoum reserves

Wed, 27 Jun 2018 - 05:35 GMT

Youth Love Egypt Foundation has successfully raised awareness among more than 125,0000 visitors of Wadi El-Rayyan and Qaroun Lake in Fayoum.

Business News Wrap-up

Wed, 09 May 2018 - 05:39 GMT

A wrap-up of the most prominent business news of the day.

Foreign currencies in Egypt’s int’l reserves rise to $40.5B in April

Wed, 09 May 2018 - 12:27 GMT

Foreign currencies’ balance in Egypt’s international reserves increased to $40.5 billion in April, increasing by LE 23 billion in one month.

CBE renews offering new T-bills worth $1.1B to local, int'l banks

Thu, 03 May 2018 - 03:21 GMT

The Central Bank announced on Thursday the renewal of treasury bills worth $1.1 billion for local banks and international institutions bought in May last year.

Individuals, corporate assets in banks reach LE 5T: Amer

Sun, 29 Apr 2018 - 12:35 GMT

Individuals and corporate deposits in Egypt’s banks amount to LE 5 trillion, Governor of the Central Bank of Egypt Tarek Amer said on Sunday.

Foreign currencies in Egypt’s int’l reserves rise to $39B in March

Sat, 14 Apr 2018 - 03:49 GMT

Foreign currencies’ balance in Egypt’s international reserves increased to $39 billion in March 2018, up from $25 billion in March 2017.

Egypt aims to issue $6-7B Eurobonds in 2018/19

Wed, 11 Apr 2018 - 01:37 GMT

Egypt plans to issue $6-7 billion Eurobonds in the new fiscal year 2018/19, Finance Minister Amr el-Garhy said Wednesday.

U.S. dollar share of global currency reserves hits 4-year low: IMF

Sat, 31 Mar 2018 - 10:00 GMT

The U.S. dollar's share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low.