Economy

Egypt’s foreign currency reserves fall to a record level

Egypt’s foreign currency reserves fall to a record level

The Central Bank of Egypt revealed that net foreign currency reserves initially reached US$33.14 billion at the end of July…
Suez Canal sets a new record, announces SCA head

Suez Canal sets a new record, announces SCA head

The head of the Suez Canal Authority Osama Rabie announced that navigation movement in the canal recorded on Saturday the…
Can the crypto plane take off?

Can the crypto plane take off?

The world’s top cryptocurrency, Bitcoin, experienced a 15% rally from the beginning of July through to the 24th of the…
Egypt’s agricultural exports rise to $ 2.47 billion in 10 months

Egypt’s agricultural exports rise to $ 2.47 billion in 10 months

The Agriculture Export Council said on Sunday that Egypt’s exports of agricultural crops increased the September 2021 to June 2022…
Remittances of Egyptians abroad increase to US$ 29.1 billion in 11 months

Remittances of Egyptians abroad increase to US$ 29.1 billion in 11 months

Remittances of Egyptians working abroad from July 2021 to May 2022 reached about US$ 29.1 billion, an increase of 2.1…
IMF expects Egypt to achieve 4th highest growth rate among global economies

IMF expects Egypt to achieve 4th highest growth rate among global economies

The Egyptian Cabinet’s Media Center said on Sunday that the International Monetary Fund expects Egypt to achieve the fourth highest…
Alibaba stock jumps after announcing Hong Kong primary listing

Alibaba stock jumps after announcing Hong Kong primary listing

New York (CNN Business) – Alibaba announced a plan to allow more mainland Chinese investors to invest in the stock.…
We want more direct investments from Europe, Egypt FM

We want more direct investments from Europe, Egypt FM

Egyptian Foreign Minister Sameh Shoukry said that his country wants more direct investments from Europe. Shoukry’s remarks came during an…
Global wheat prices fell by 20% after the grain export agreement

Global wheat prices fell by 20% after the grain export agreement

Wheat prices fell on global stock exchanges by more than 20 percent on Saturday after Ukraine and Russia signed two…
Egypt signs on $20 million initiative to manufacture smartphones locally

Egypt signs on $20 million initiative to manufacture smartphones locally

Egyptian Minister of Communications Amr Talaat conducted an inspection tour on Friday for the the new Vivo Telecom Technology Company…
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