News
Head of the Poultry Division in Egypt: Increased production costs during the winter.
Dr. Abdel Aziz Al-Sayed, Head of the Poultry Division, reported that poultry prices fell by 6 pounds, after the decline in feed prices. Chicken prices have now reached an average of 61 to 62 pounds.
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The Council of Ministers is in talks to resolve financial complications between the National Investment Company and the Egyptian Post.
Meeting Held to Discuss Financial Procedures Between National Investment Bank and National Postal Authority Under the leadership of Dr. Mostafa Madbouly, Prime Minister of Egypt, a meeting was conducted to review the status of financial clarification procedures between the National Investment Bank and the National Postal Authority. The meeting included senior officials from both organizations, as well as the Ministers of Planning and Economic Development, Communications and Information Technology.
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While the US dollar held steady against the Egyptian pound, the euro and sterling decreased in value.
The exchange rate of the dollar against the Egyptian pound remained stable at the beginning of morning banking transactions on Wednesday.
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Exchange rates of the US dollar against the Egyptian pound in Egyptian banks
We present to you the exchange rates of the US dollar against the Egyptian pound in the morning trading of Wednesday, October 25, 2023, in some Egyptian banks.
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Egypt's exports to East Asian countries increased to $7.7 billion, with fuel in the lead
The annual bulletin “Trade Exchange between Egypt and the Most Important East Asian Countries” for the year 2022 showed a development in the value of foreign trade “exports and imports” with the most important East Asian countries,
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Moody's credit rating agency downgraded the ratings of five Egyptian banks
Moody's downgraded the rating of five banks in Egypt, including the largest private bank, due to the country's declining sovereign rating and its lack of ability to repay debts.
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“Debit card crisis” in Egypt: What sectors are affected?
The decision to stop the use of direct debit cards for customers outside the country, and their use inside Egypt, imposes pressure on many sectors, including: the technology sector, e-commerce, and the family sector.
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