Latest Business News
USD exchange rate continues to rise as foreign reserves falls
The recurrent rise in the dollar's exchange rate reflected on the price…
IMF department director to visit Egypt on Monday
Egypt’s economy has nosedived as investment from abroad has dried up and…
EGX jumps 5.85 per cent in the first week of 2013
Sharp speculation regarding the dollar has had a negative effect on Egypt’s…
Chamber of Commerce: Automotive sales last month are zero
According to the Automotive Marketing Information Council (AMIC), Egypt automotive sales have…
Turkey inks $12-bn energy project with UAE
"This is the second-biggest investment made in Turkey after the two nuclear…
Dollar rises first day of FX auction
Last week, the market suffered dollar scarcity which handicapped importation, and frustrated…
CBE launches a new mechanism to avoid FX reserves depletion
The Central Bank reaffirmed its commitment to pay the instalments and interest…
NTRA to grant telecom integrated license
Telecom Egypt has been granted right to offer mobile services