Egypt Today The Egypt-Kenya business forum was inaugurated by Egyptian Ambassador in Nairobi, Khaled al-Abyad with the participation of 21 companies, members of Egypt’s Food Export Council (FEC), on Friday. “The companies represent various food sectors to meet the needs of the Kenyan market and neighbouring African landlocked countries”, the …
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Doaa Moneim – Ahram Online The European Bank for Reconstruction and Development (EBRD) will support the Egyptian private renewable energy sector with $340 Million, an announcement was made on Sunday. EBRD said that it will dedicate a total of $130 Million for green bond issuance in the Egyptian private energy …
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Monna Alaa al-Din – Ahram Online The Ministry of Petroleum and Mineral Resources signed two oil exploration deals in the Western and Eastern Desert worth $506 Million with Canada’s Trans Globe Energy Corporation and Pharos Energy on Thursday. The first agreement was signed with the Canadian oil corporation Trans Globe, …
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Egypt Today The Egyptian pound to US dollar exchange rate remained stable at the start of trading in major Egyptian banks on Thursday. In the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording £E15.64 for purchase and sold at £E15.74. HSBC, BLOM Bank Egypt, …
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Egypt Independent The Central Bank of Egypt (CBE) announced the exchange rates of foreign and Arab currencies against the Egyptian pound on Tuesday. The US dollar’s exchange rate against the Egyptian pound remains stable, trading at £E15.75 for sale and £E15.66 for purchase. Meanwhile, the Euro sale price currently stands …
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Ahram Online “Egypt awarded eight oil exploration blocks to oil giants ENI, British Petroleum, Apex International, Energy Egypt, United Energy, Enap Sipetrol, and INA”, the Ministry of Petroleum and Mineral Resources announced on Monday. “The companies will invest a minimum of $250 Million and drill 33 wells in blocks within …
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Egypt Independent “The US dollar and Arab currencies’ exchange rates varied against the Egyptian pound”, a report by the Central Bank of Egypt (CBE) said on Wednesday. US dollar: £E 15.66 for purchase. £E 15.75 for sale. Euro: £E 17.74 for purchase. £E 17.85 for sale. Sterling pound: £E 21.06 …
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Egypt Independent “The Egyptian Ministry of Petroleum and Mineral Resources signed a $1 Billion oil exploration agreement in the Gulf of Suez and Nile Delta with the Italian company ENI”, the Ministry confirmed in a statement on Friday. Under the agreement, ENI commits to “invest at least $1 Billion Dollars …
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Egypt Independent The Egyptian pound has maintained a stable exchange rate against the US dollar at several Egyptian banks on Wednesday. The US dollar’s exchange rate remained £E15.64 for purchase and £E15.74 for sale at both Banque Misr and the National Bank of Egypt (NBE). Traders recorded £E15.65 for purchase, …
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Doaa Moneim – Ahram Online HSBC Egypt has launched on Tuesday a new fund called ‘Forsa Fund’ (opportunity finance) worth £E3 Billion, to support Egyptian small and medium size enterprises (SMEs) in the industrial and service sectors. “The fund is designed to help strong Egyptian businesses with bold visions to …
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