Hilton Worldwide to increase hotel rooms in Egypt by 40% at end-2022
Hilton Worldwide Company plans to increase the number of hotel rooms it manages in Egypt by 40 percent by the end…
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foreign currency
C.bank chief says foreign currency inflows to Egypt’s bank system $80bn since float
Foreign currency inflows into Egypt’s banking system have reached $80 billion since the central bank floated the…
Egypt clears huge financial backlog as it rebounds from USD shortage
Egypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies…
Egypt’s Suez Canal ups profits to $447.1 million in July
Egypt's Suez Canal profits rose to $447.1 million in July 2017 from $427.2 million in June 2017, the government…
Banque Misr in talks with international funding institution for new dollar debt
Banque Misr is negotiating with one of the international banking institutions in order to obtain a new dollar loan…
Official: Egypt increases fees for tourist entry visa
Egypt is increasing fees for entry visas from $25 to $60 for incoming tourists starting 1 March, an airport…
Egypt central bank to hold $4 billion auction to cover imports on pound float
Egypt’s central bank will hold Thursday an exceptional auction for $4 billion, senior banking sources told Amwal Al…
March 2016 sees 47.2pct less tourists in Egypt
The number of tourists visiting Egypt fell in March for the fifth consecutive month, after the downing of a…
Egypt’s net FDI hikes to $1.7 billion in Q2-FY2015/16
Egypt's net foreign direct investments (FDI) surged in the second quarter of the financial year 2015/16 to stand at…
Egypt c.bank FX auction to clear backlog on imports of staples, medicines
Egypt's central bank announced Tuesday that foreign currency offered at its regular weekly auction would be…
