Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
Local currency is likely to see further gains against US dollar in 2021
Egypt’s Chemical Industries Export Council urges reconsideration of gas pricing
The Egyptian Chemical Industries Export Council has called on the Egyptian government to reconsider the pricing of natural gas for industrial use, according to the council’s Chairperson Khaled Abul Makarem
Planning Ministry reviews ‘Citizen Investment Plan’ in Matrouh for FY 2020/21
Public investments directed to Matrouh stands at EGP 13.3bn, an increase of 34%, says Hala El-Said
Warm, foggy weather expected in Egypt over next 3 days
Upper Egypt to see hot weather during day, with cold expected nationwide at night
Egypt restores famous ram statues at Karnak Temple
Statues are located in the southern side of the Karnak Temple first courtyard, there had originally been 33 before the transfer of 4 rams to Tahrir Square
High solvency, liquidity enable Egypt banking sector to function successfully amid COVID-19: Central Bank
Banking sector has witnessed high financial stability in past years, allowing it to deal with many crises, contain their repercussions
Taliban shadow provincial governor, 6 others killed in Afghanistan blast
Taliban militants who are active in parts of the Faryab province have yet to make comments on the report.
Tunisian authorities detain 2 Egyptian fishing boats
Two Egyptian fishing boats have been detained by Tunisia after entering the latter’s territorial waters, according to Ambassador Amr Mahmoud Abbas, Assistant Minister of Foreign Affairs for Consular Affairs and…
Egypt’s tourism revenues down 67.2% in 2020: Junior Business Association
Total of $935bn loss in global export revenues from tourism, over $1.1trn loss in international tourism receipts, says Mohamed Kaoud
Ghabbour Auto’s Drive securitisation deal to result in EGP 100m gain
Drive, Ghabbour Auto’s (GB Auto) consumer finance and factoring subsidiary, has completed its second securitised bond offering, amounting to EGP 892m.
