Latest Business News
Fuel prices increase following flotation of Egyptian pound
The new price for octane 80 and diesel will be EGP 2.35…
$1.2bn secured for importing food commodities for 6 months: CBE
Tarek Amer held a press conference on Thursday to disclose the details…
Egypt obtains pledges worth $16.3bn for financing economic reforms during FY 2016/2017
Tarek Amer said that those countries include seven leading industrial countries and…
IMF mission chief for Egypt welcomes CBE’s decision to float the Egyptian pound
The CBE decided to float the Egyptian pound on Thursday
Electricity production costs to increase by 40%
The cost of the production of electricity is expected to increase by…
50% increase in gas prices sold to factories due to Egyptian pound’s flotation
Factories' agreements for gas were signed according to the official market rate…
GE Oil & Gas expands services facility in industrial free zone with additional 2,000 sqm
The expanded facility will handle the assembly, disassembly, repair, maintenance, and testing…
Floating the Egyptian pound expected to have slight impact on mobile market
Securing US dollars at banks is the condition for eliminating the black…