22 January, 2026

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Egypt now exporting spaghetti: Minister

Minister of Supply and Internal Trade Ali al-Moselhy affirmed Saturday that the state has made enough achievements in the pasta industry to allow the export of spaghetti due to the increased demand for its quality. On price control, Moselhy explained that: “It was necessary to work so that prices could be adjusted while coordinating between …

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Egypt Independent May 22, 2022

Cash reserves within safe limits, cover six months: Banque du Caire head

The Central Bank of Egypt uses its tools with flexibility and unconventional form to maintain price levels, Tarek Fayed, Chairman of the Board of Directors of Banque du Caire, said, stressing that cash reserves are within safe limits and cover six months. He asserted, during a telephone interview with the journalist Ahmed Moussa, on the …

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Egypt Independent May 19, 2022

Investing in Egyptian pound to be more profitable in medium term: CBE governor

The Central Bank of Egypt governor Tarek Amer pledged that investing in the Egyptian pound will be more profitable than other currencies in the medium term. During the Arab Banking Conference 2022, Amer added in his Wednesday speech that the Central Bank approved the requests of the National Bank of Egypt and Banque Misr to …

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Egypt Independent May 19, 2022