IMF talks expected to move smoothly amid positive economic indicators: Madbouly
Prime Minister Mostafa Madbouly said he expects discussions with the International Monetary Fund (IMF) mission to move forward smoothly, pointing to recent improvements in Egypt’s economic indicators,...
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Top 10 Trending News to Read in December's 1st Week
The first week of December ended with a handful of interesting economic developments in various key sectors, including mining, energy, tourism, financing, and more.
EGP trades flat as dollar quotes hover at 47.5-47.6 on Thursday
The exchange rate between the USD and EGP hit EGP 47.52 for buying and EGP 47.62 for selling at the National Bank of Egypt (NBE) and the Commercial International Bank Egypt (CIB) on Thursday.
Cabinet approves incentive plan for new, converted hotel projects
The Egyptian cabinet approved a draft resolution establishing a new incentive aimed at encouraging the construction, development, and operation of hotel establishments within the jurisdiction of local administrative units, in an effort to expand hotel capacity and support activity in the sector, as per a statement issued on December 3rd.
El-Khatib opens EGX trading session as Egytrans completes NOSCO acquisition
Minister of Investment and Foreign Foreign Trade Hassan El-Khatib took part in the bell-ringing ceremony to open Tuesday’s trading session at the Egyptian Exchange (EGX), marking the completion of the Egyptian Transport and Commercial Services Company's (Egytrans) acquisition of the National Transport and Overseas Services Co. (NOSCO).
