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Business
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Economy
1/21/2024 10:37:24 AM
Cabinet Spokesperson Mohamed El-Homsany said that claims about a possible devaluation of the Egyptian pound against the dollar, coinciding with the visit of the International Monetary Fund (IMF) delegation to Egypt, are mere speculation.
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World
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War in Ukraine
1/18/2024 1:16:23 PM
It's been nearly two years since the United States and its allies froze hundreds of billions of dollars in Russian foreign holdings in retaliation for Moscow's invasion of Ukraine.
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Business
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Markets & Companies
1/16/2024 11:19:48 PM
Benchmark US crude oil for February delivery fell 28 cents to $72.40 per barrel Tuesday. Brent crude for March delivery rose 14 cents to $78.29 per barrel.
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Business
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Markets & Companies
1/10/2024 5:05:13 PM
The amount of gold remaining in Egyptian mines amounts to at least 25 million ounces (or over 781 tons), said Nagi Farag, advisor to the minister of supply for gold affairs, during an interview with the Ala Masouliati TV show on Tuesday.
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Business
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Markets & Companies
1/9/2024 10:48:14 PM
Benchmark US crude oil for February delivery rose $1.47 to $72.24 per barrel Tuesday. Brent crude for March delivery rose $1.47 to $77.59 per barrel.
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Al-Ahram Weekly
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Egypt
1/9/2024 9:43:15 PM
Experts talk about the recent hikes in the price of gold and ways to save to Amira Hisham
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Al-Ahram Weekly
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Egypt
1/9/2024 9:32:04 PM
MPs approve legislation giving foreigners the right to own desert land
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Business
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Economy
1/8/2024 7:31:33 PM
Egypt is set to establish a company focused on managing real estate export and leasing activities. The company is planned to generate between $2 and $3 billion in revenues, read a report by the cabinet's Information and Decision Support Centre.
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Business
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Markets & Companies
1/8/2024 3:50:10 PM
The US dollar reached more than EGP 54 in the parallel market, while remaining at a stable EGP 30.96 in the official market on Monday.
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Business
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Economy
1/7/2024 4:14:23 PM
Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028, according to a document released by the Egyptian Cabinet's Information and Decision Support Center (IDSC).
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Business
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Economy
1/7/2024 2:00:50 PM
Egypt’s real GDP growth is projected at 4.1 percent in 2024 and the US dollar exchange rate to jump to EGP 39.7 through end of the year, BMI Country Risk and Industry Analysis, one of Fitch Solutions’ services, said in a new report shared with Ahram Online.
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Business
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Economy
1/4/2024 7:27:20 PM
Egypt’s Net International Reserves increased by $47 million to record $35.22 billion in December, its highest level since May 2022, according to data released by the Central Bank of Egypt on Thursday.
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Business
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Economy
1/3/2024 7:12:27 PM
The Egyptian Cabinet approved the sale of specific tracts of land to foreign companies in US dollars, according to a statement on Wednesday, the latest in a series of steps meant to attract hard currency by selling property to foreigners and expats.
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Business
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Markets & Companies
1/3/2024 5:00:00 AM
Benchmark US crude oil for February delivery fell $1.27 to $70.38 per barrel Tuesday. Brent crude for March delivery fell $1.15 to $75.89 per barrel.
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Al-Ahram Weekly
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Opinion
1/2/2024 8:31:05 PM
Could other currencies eventually replace the dollar as the world’s main reserve currency, asks Mahmoud Mohieldin
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Al-Ahram Weekly
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Economy
1/2/2024 8:30:22 PM
Efforts to stem the parallel market for dollars are continuing, reports Niveen Wahish
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Business
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Economy
1/2/2024 4:06:53 PM
Egypt has set a target of attracting $12 billion in foreign direct investments (FDIs) during the fiscal year (FY) 2023/2024, which ends in June, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), said on Tuesday.
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Business
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Economy
12/27/2023 8:11:30 PM
If you deal in the parallel market of the currency, you should beware of “frozen dollar” notes, which are invalid currency with deactivated serial numbers.
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Business
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Markets & Companies
12/26/2023 11:50:34 PM
Benchmark US crude oil for February delivery rose $2.01 to $75.57 per barrel Tuesay. Brent crude for February delivery rose $2 to $81.07 per barrel.
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Business
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Economy
12/26/2023 4:36:15 PM
Despite the country’s strategic reserve of pharmaceuticals, some Egyptians, especially those with chronic diseases, are still struggling to find the medicines they need.
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