2023-05-03 21:48:33 Dubai, United Arab Emirates (CNN) – The Committee for Automatic Pricing of Petroleum Products in Egypt announced, on Wednesday, an increase in the price of diesel by one pound per liter, so that the selling price in the local market becomes 8.25 pounds per liter, and the committee also decided to fix the … Read more
Dubai, United Arab Emirates (CNN) – The Egyptian Ministry of Petroleum and Mineral Resources announced, on Thursday, the new prices for gasoline and diesel. The ministry said, in a statement, on its Facebook page: “In light of the fluctuation of Brent crude prices and the exchange rate of the pound against the dollar, the Automatic … Read more
Cairo, Egypt (CNN) — Egypt issued, for the first time in its history, sovereign Islamic sukuk worth $1.5 billion, with a return of 11%, to finance investment and development projects included in the public budget. Economists stressed the importance of issuing sukuk to cover the gap in demand for foreign exchange, and to enhance investor … Read more
Cairo, Egypt (CNN) – The European Bank for Reconstruction and Development has joined the list of major international institutions that have lowered expectations for the growth of the Egyptian economy during 2023. In its latest report, the bank expected a decline in the economic growth rate to 4.6%, compared to 5.6% in its previous report … Read more
Ambassador confirmed Nader Saada spokesman for the Presidency of the Council of Ministers, that the announcement by Standard & Poor’s agency confirming Egypt’s credit rating gives a very positive image and an important message to foreign investors that the Egyptian economy is on the right path. Ambassador Nader Saad added, during a telephone interview with … Read more
During the past hours, Al-Youm Al-Sabaa published a number of important news and reports, the most prominent of which was the announcement by the Wintershall Dea company that it had discovered a gas well in the exploration area east of Damanhour. The following is a summary of Egypt’s news at one o’clock in the afternoon. … Read more
Dubai, United Arab Emirates (CNN) – The price of the Egyptian pound fell against the dollar by 7.7% during trading on Wednesday, to record the green currency 29.63 pounds for purchase, and 29.76 pounds for sale at the Central Bank – to set a new record level – and for the pound to continue its … Read more
The value of the Egyptian pound is declining again against the dollar in Egypt, after the Central Bank of Egypt adopted a more flexible exchange policy. The successive rises in the price of the dollar in the Egyptian exchange market led to an unprecedented wave of inflation Today, Wednesday, the US dollar recorded its highest … Read more