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Slight shift as dollar reaches EGP 47.8 in major banks on Wednesday

The US dollar exchange rate declined against the Egyptian pound at major banks on Wednesday, reaching EGP 47.8 down from EGP 48 recorded on Sunday.

El-Sisi has also directed the government to improve its ability to intervene during a commodity shortage crisis to ensure price stability.

bluworks, an Egypt-based startup developing blue-collar HRTech SaaS solutions, has raised a $1 million pre-Seed investment round.

The country’s GDP for FY2024/2025, which begins in July, is estimated to be EGP 17 trillion.

With this funding, Waffarha aims to bolster its technological infrastructure, expand its team and broaden its reach into KSA.

Finance Events

Seamless North Africa 02.07.2024

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