Ruhrpumpen Egypt targets €1m in sales by year-end ’24
Egyptian-German Pump Company Ruhrpumpen Egypt expects to achieve sales of €11 million by the end of 2024, up from…
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foreign currency
Billions in dollar, euro shipped to Russia despite sanctions
Around $2.3 billion in dollar and euro banknotes have been shipped to Russia since the US and EU banned cash…
Russian central bank conducts $34.87m yuan sale
The Bank of Russia announced that it sold 3 billion roubles ($34.87 million) worth of yuan on the domestic market…
Russia assigns $1.4b for currency, gold
Russia's Finance Ministry announced plans to allocate 123.8 billion roubles ($1.4 billion) for the purchase of…
Russia eases forex sales rules for rouble contracts
Russian government eases foreign currency sales rule for exporters amid rouble concerns, Reuters reported on…
Egypt temporarily halts expats land allocation in foreign currency
Egypt's New Urban Communities Authority (NUCA) will suspend land allocations in foreign currency from abroad…
Egypt’s PM lauds Rubex quality products
Egypt’s Prime Minister Moustafa Madbouly recently visited Rubex International for Plastic and Acrylic Manufacturing…
Haier Egypt gears up for 2nd phase launch on June
Haier Egypt, a manufacturer of home appliances, will launch the second phase of its industrial complex on June to…
Egypt tightens payment rules on real estate sales to foreigners
Egypt is implementing stricter regulations on real estate sales to foreigners, as Egyptian Justice Minister Omar…
Kenya proposes tax on infrastructure bonds
The Kenyan government plans to implement a tax on interest earned from infrastructure bonds, potentially reaching…
