$1.2bn secured for importing food commodities for 6 months: CBE

Tarek Amer held a press conference on Thursday to disclose the details of the CBE's decision to float the Egyptian pound

Hossam Mounir

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 Arab countries, in addition to the IMF

Hossam Mounir

Wadi Degla Women’s Squash Open sees 2 Egyptians make it to the semifinals

The 2016 Wadi Degla Women's Squash Open Championship moves into the semifinal matches on Thursday

Daily News Egypt

Electricity production costs to increase by 40%

The cost of the production of electricity is expected to increase by 40% following the flotation of the Egyptian pound on Thursday

Mohamed Farag

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 at the time

Mohamed Adel

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 for GE Oil & Gas upstream products

Daily News Egypt

Hisham Geneina’s appeal adjourned to 10 November

Former CAO head is appealing against his prison sentence

Daily News Egypt

Floating the Egyptian pound expected to have slight impact on mobile market

Securing US dollars at banks is the condition for eliminating the black market, says Mohamed Ismail

Daily News Egypt