Latest Business News
Market sees high sales volume of dollars, new saving certificates at banks in 2nd week since flotation
The amount of dollars Banque du Caire received in one day is…
NREA recovers lands of feed-in tariff projects from 5 withdrawing companies
The New and Renewable Energy Authority (NREA) has recovered the lands of…
Social Solidarity Ministry to implement Karama, Takaful programmes across all governorates by end of fiscal year
The Supply Ministry is working to secure six-month stock of strategic goods…
Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker
High expectations that foreign currency deposits will decrease while Egyptian pound deposits…
US dollar exchange rate movement since flotation of the Egyptian pound until 13 November
Date Buy Sell 13/11/2016 15.5697 16.3122 10/11/2016 16.4224 17.0738 09/11/2016 17.0422…
Government’s crowding out of private sector in banking funding hampers SME growth: Sahar Nasr
SMEs suffer from a lack of funding as well as strategic support,…
EGAS reassess gas projects to be added to national grid production until end of 2017
Possibility of providing Egypt’s needs of fuel without renting a third gasification under…
US dollar price falls even further at CBE, banks while EGX profits EGP 9.3bn
The price of the US dollar dropped below EGP 16, with expectations…
Egypt aims to boost exports to $30bn, decrease imports to EGP 54bn
Exports have increased by $1bn since January, while imports declined by $7bn