Egypt launches new maritime cable Red2Med – minister
Egypt’s Ministry of Communications and Information Technology has inaugurated on Wednesday a new fully owned cable…
Author
ECB raises interest rate by 75 basis points to combat inflation
The European Central Bank (ECB) has increased on Thursday a 75-basis point interest rate to combat inflation…
Egypt’s central bank aims to double foreign reserves in 4 years – Hassan Abdalla
Egypt's central bank aims to rebuild stronger foreign reserves and to be doubled within four years, said its…
Egypt’s capital market earns EGP25 billion after interest rate hikes
Egyptian stock exchange (EGX) indices rose on Thursday's trading session and the market capital gained 25 billion…
Egyptian pound falling to EGP 22.35 against dollar
The Egyptian pound is falling against the U.S. dollar on Thursday to record 22.35 Egyptian pounds for sale, while…
Egypt increases minimum wage for public employees to EGP 3,000 – PM
Egypt’s Prime Minister Mostafa Madbouly announced on Wednesday that the government has raised the minimum wage for…
Egypt’s ITIDA helps outsourcing firms to fulfill EU’s high demand for ICT professionals
Egypt’s Information Technology Industry Development Agency (ITIDA) has announced that 21 local IT companies have…
Egypt’s Dar Al-Ifta launches 1st climate-related fatwa to preserve environment
Egypt’s Dar Al-Ifta has launched a fatwa charter aims to confront climate change, which is based on Islamic morals…
Mercedes-Benz to leave Russian markets, sell shares to local investor
Germany’s Mercedes-Benz announced on Wednesday that it will sell its assets, industrial and financial services…
Egypt’s National Bank assets jump to $169 billion in Q1 of 2022
The National Bank of Egypt (NBE), the country’s largest bank says total assets hit 3.33 trillion Egyptian pounds…