Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation
Banks operating in the local market have begun to ease restrictions set earlier on Egyptians’ use of US dollars abroad through cash and electronic payment cards. Commercial state banks including…
Industry and Trade Ministry holds meeting with concerned ministries to study new costs of transporting food products
Industry and Trade Minister Tarek Kabil was commissioned by the prime minister to hold a meeting with Transportation Minister Galal Saeed, Supply Minister Mohammad Ali Meselhy, and President of…
Arab Angel Fund raises $10m to achieve first close on its $25m AAFI
The AAFI will accept additional subscriptions from new limited partners until the target of $25m is met
State appeal on annulled Red Sea islands deal postponed to 5 December
The state’s lawyer accidentally submitted a 1928 map proving Egypt’s ownership of the islands
MP El-Hariri submits himself for investigations following journalist’s accusations
Al-Youm Al-Sabaa editor-in-chief accused the MP of using his parliamentary position to receive two salaries from two companies
International Cooperation Ministry holds meetings with European officials to look into development projects
Minister of International Cooperation Sahar Nasr met on Sunday with Stephanie La Frenchie, head of the French Development Agency’s (FDA) bureau in Cairo, and Mohamed Bouabdallah, French Cooperation and Cultural…
Communications Ministry receives 5 requests to establish electronic, battery factories in new technological areas
Factories will be established in partnership with the government, represented in joint stock company Silicon Waha
EGX continues heading north in 3rd session after pound flotation, recording highest rates since 2010
The Egyptian Exchange (EGX) closed on Monday on high rises in the third session following the flotation of the Egyptian pound. The main index EGX30 closed with a hike of…
Ferrari boasts rising sales and profit
Italian luxury sports carmaker Ferrari has reported strong third-quarter results despite a challenging market environment.
Saudi OIC candidate praises Egypt amid Saudi decisions implying unstable bilateral relations
Saudi oil company Aramco cut its oil aid to Egypt for the second consecutive month