08:34

cairo, gmt + 2

14 July

Tuesday, 2020

The issuance of the plastic note, the LE 10- category does not mean that its old and currently equivalent counterpart will be canceled.

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Egypt’s Industry Minister reveals full strategy to convert gasoline-powered cars to natural gas

Mon, 13 Jul 2020 - 01:45 GMT

Through an inventory conducted in coordination with the Ministry of Interior, there are 1.8 million vehicles considered under the initiative, which is set to be implemented over the course of two to five years.

15.4% increase in newly-established firms during June: GAFI

Mon, 13 Jul 2020 - 12:47 GMT

The surge in the number of firms led to a 71.7 increase in the capital of exports of these companies in June to record LE 7.9 billion, against LE 4.6 billion in June 2019.

IMF Slashes Middle East and Central Asia Growth Forecasts

Mon, 13 Jul 2020 - 12:38 GMT

The latest projection is 2 percentage points lower than the fund's April estimate, the IMF said in its latest Middle East and Central Asia Economic Outlook.

Expolink to organize digital business mission to Kenya on July 27

Mon, 13 Jul 2020 - 12:30 GMT

Expolink chairman Khaled el Mikati said the mission aims to boost the Egyptian food exports to the Kenyan markets and eastern African countries.

Planning, environment ministers probe mechanisms of green economy transformation

Mon, 13 Jul 2020 - 11:32 GMT

Saeed added that the size of these projects is set to be upped to reach 100 percent throughout the coming three years.

Cabinet: EGP best performance among emerging markets currencies over 3 years

Mon, 13 Jul 2020 - 11:29 GMT

The Egyptian pound is the least affected by the coronavirus ramifications, a matter which proves the State's successful policies at the economic level, according to an infographic.

Banking official: Int'l funds pumped $3B new investments in Egypt's market in a month

Mon, 13 Jul 2020 - 10:39 GMT

On Sunday, the local market received $367 million, the source added.

Egypt's central bank issues LE 6.5B in T-bonds Monday

Mon, 13 Jul 2020 - 10:31 GMT

The T-bonds were offered in two installments, with the first valued at LE 3.5 billion with a five-year term.

Finance minister says fund to encourage consumption to be launched soon

Sun, 12 Jul 2020 - 04:19 GMT

The fund-to-be aims to increase consumer capabilities among citizens, he said during the inauguration of a number of national projects earlier today.

Planning min.: IsDB provided total funding of $12.8B for Egypt

Sun, 12 Jul 2020 - 04:15 GMT

In a press statement, Saeed lauded measures taken by the bank to combat the novel coronavirus through providing urgent aid for member states and Muslim communities in non-member states.

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