Category Archives: Finance

CBE: Egypt’s foreign currency hit $45.3 bln in November

Egypt’s foreign currency reserves jumped by $108 million in November to reach $45.354 billion, the Central Bank of Egypt (CBE) said in a statement Tuesday 3/12/2019.

In October, the country’s foreign reserves registered $45.246 billion.

Source: State Information Service Egypt…

Egypt, ITFC sign $1.1bln deal to provide basic commodities 2020

Egypt has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) at a value of $1.1 billion to provide basic commodities and petroleum products to around 64 million citizens in Egypt in 2020.

The deal is part of …

Sisi: EGP 615bn spent in 5 years to double electricity production in Egypt

President Abdel Fattah El Sisi said on Tuesday 3/12/2019 more than EGP 615 have been spent to double electricity production in Egypt over the past five years.

During the opening of a number of national projects in Damietta governorate, the …

Ministry of Trade arranges for Egypt’s participation in Expo 2020 Dubai

The Ministry of Trade and Industry hosted on Saturday November 30, 2019 the 2nd meeting of the National Coordinating Committee responsible for preparing for Egypt’s participation in Expo 2020 Dubai.

The meeting chaired by Head of the Export Development Authority …

WYF sponsored by large number of companies, banks

The World Youth Forum (WYF) will kick off in the Egyptian Red Sea resort city of Sharm el Sheikh from December 14 through 17.

The forum will tackle three main issues; peace, development and innovation.

Sources from the forum’s administration …