As part of the Egyptian parliament's efforts to maximize state resources to ease the budget deficit, many proposals have emerged to raise more funds for the public treasury.
In this regard, Egyptian MP Mohammed Badrawi announced they are preparing a bill will be presented to parliament in the third session, on the adoption of a development fee of 10% ofRead more
As belly dancers sway to the music of an Egyptian band playing at a young girl’s birthday party, the guests count their cash to add to the pot.
Microphone in hand, master of ceremonies Hassan El Agami announces that one of the attendees has contributed 5,000 Egyptian pounds (Dh1,020), an unusually large amount.
But the money in the potRead more
The Central Bank of Egypt (CBE) stabilized the exchange rate of the US dollar sold to banks at 8.78 pounds.
The CBE offered 120 million dollars in an auction to banks on Tuesday, bankers said.
The exchange rate of the US dollar in banks stood at 8.88 pounds. Read more
The Central Bank of Egypt (CBE) stabilized the US dollar exchange rate at 8.78 pounds during an auction on Thursday.
In statements to MENA, bankers said that the CBE stabilized the US dollar rate at banks to range between 8.83 to 8.88 pounds.
The CBE allowed banks to move the price of the US dollar in the range of 10Read more