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Category: Business 9423

Dollar Exchange Rate on Tuesday 26/8/2025 Against the Egyptian Pound at Market Opening - Youm7
Business
  • 1 mins read

Dollar Exchange Rate on Tuesday 26/8/2025 Against the Egyptian Pound at Market Opening - Youm7

On August 26, 2025, the dollar was priced at 48.44 EGP for buying and 48.57 EGP for selling at the Central Bank of Egypt, with commercial banks showing close rates between 48.45 and 48.55 EGP.

Medical Supplies Division Submits Memorandum to Cabinet for Payment of Overdue Claims - Youm7
Business
  • 1 mins read

Medical Supplies Division Submits Memorandum to Cabinet for Payment of Overdue Claims - Youm7

Mohamed Ismail Abdo announced the ongoing crisis of unpaid debts by the Unified Procurement Authority to medical supplies and pharmaceutical companies, despite agreements to release new payments in August coordinated with the Ministry of Finance.

Is the Libyan Government Putting an End to Salary Chaos?
Business
  • 1 mins read

Is the Libyan Government Putting an End to Salary Chaos?

The Central Bank of Libya launched the "Your Instant Salary" system to transfer public sector salaries directly to bank accounts, aiming to reduce financial waste and enhance transparency amid challenges of corruption and institutional division.

German Court Issues Ruling on Apple Watch Climate Neutrality Advertisement
Business
  • 1 mins read

German Court Issues Ruling on Apple Watch Climate Neutrality Advertisement

A German court ruled today on whether Apple made misleading environmental claims about its carbon-neutral smartwatches advertised in Germany since 2023.

Petroleum: Putting Zohr-6 Well into Production Adds 65 Million Cubic Feet of Gas Daily - Youm7
Business
  • 1 mins read

Petroleum: Putting Zohr-6 Well into Production Adds 65 Million Cubic Feet of Gas Daily - Youm7

The Minister of Petroleum confirmed that putting the Zohr-6 well into production added about 65 million cubic feet of gas daily, with ongoing drilling plans to boost output.

Trade Office Discusses Access of Egyptian Pomegranates to Indian Markets
Business
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Trade Office Discusses Access of Egyptian Pomegranates to Indian Markets

The Egyptian Commercial Office in New Delhi held a coordination meeting via videoconference to discuss enhancing the access of Egyptian pomegranates to the Indian market and removing export-related obstacles.

Dollar Prices Decline
Business
  • 1 mins read

Dollar Prices Decline

The dollar declined in Asian markets today, giving up previous session gains as the dollar index fell 0.3% to 98.187 points, while the euro and pound rose and stabilized against the dollar.

Emirates Expands Premium Economy Class to 4 New Destinations
Business
  • 1 mins read

Emirates Expands Premium Economy Class to 4 New Destinations

Emirates expands Premium Economy and Business Class seats on flights connecting Amman, Mumbai, Muscat, and Bahrain, enhancing customer access to premium onboard experiences and smooth connections via Dubai.

Trump Fires Federal Reserve Board Member Lisa Cook Amid Real Estate Fraud Allegations
Business
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Trump Fires Federal Reserve Board Member Lisa Cook Amid Real Estate Fraud Allegations

U.S. President Donald Trump fired Federal Reserve Board member Lisa Cook over allegations of real estate fraud involving registering two primary residences to secure better mortgage terms.

Madbouly Follows Up on Implementation Mechanisms of the Law Regulating Some Provisions of State Ownership in Companies Owned or Participated by It
Business
  • 1 mins read

Madbouly Follows Up on Implementation Mechanisms of the Law Regulating Some Provisions of State Ownership in Companies Owned or Participated by It

Dr. Mostafa Madbouly held a meeting to follow up on the implementation of Law No. 170 of 2025 regulating state ownership in companies owned or participated in by the state, attended by ministers and economic experts.