Egypt: USD/EGP exchange rates slightly down on Monday
Arab Finance: The exchange rate of the US dollar to Egyptian pound went down on Monday, hitting EGP 49.79 for buying and EGP 49.89 for selling at Banque Misr at 1:24 PM.
The US dollar also recorded EGP 49.79 for buying and EGP 49.89 for selling at the National Bank of Egypt (NBE) at 1:32 pm.
At the Commercial International Bank Egypt (CIB), the exchange rate hit EGP 49.79 for purchasing and EGP 49.89 for selling.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Arabian Business
31 minutes ago
- Arabian Business
Egypt to get its first 25hours Hotel in West Cairo
Egypt is set to welcome its first 25hours Hotel, located within Junction, a new mixed-use business and lifestyle destination in West Cairo. The project is a collaboration between Majid Al Futtaim, a leading developer and operator of retail and leisure assets across the Middle East, Africa and Asia, and Ennismore, the global lifestyle hospitality company behind the 25hours brand. This marks the brand's debut in the Egyptian market. The hotel will feature around 250 keys, including both hotel rooms and 25hours Heimat branded residences. Facilities will include three dining outlets, coworking spaces, wellness and spa areas, as well as flexible meeting and event spaces. Junction spans over 129,000 square metres, comprising 13 office buildings, retail and food and beverage outlets. The development is designed to meet LEED Gold certification standards for sustainability. Majid Al Futtaim said the project is part of its wider strategy to develop integrated, future-ready environments in Egypt. Ennismore's 25hours Hotels are known for their design-led approach, drawing on local culture to shape their guest experience. The Cairo property will be the brand's first in the country. The arrival of 25hours at Junction marks an exciting moment in our refounding journey and continues our longstanding legacy of introducing bold, innovative concepts to the communities we serve,' said Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Properties. 'Each 25hours Hotel is inspired by the rich culture and history of its location, and we look forward to creating a strong sense of storytelling through design and community spaces through our restaurants and bars for our guests,' said Gaurav Bhushan, Chief Executive Officer for Ennismore. The new hotel is expected to contribute to the growth of West Cairo as a hub for business, hospitality and culture. 25hours Hotel is a design-led, lifestyle-focused hospitality brand known for its eclectic interiors, local cultural references, and informal, community-driven atmosphere. The hotels typically combine bold aesthetics with coworking, dining, and wellness spaces, targeting a younger, urban clientele seeking a more immersive and experience-oriented stay.
Zawya
2 hours ago
- Zawya
WaffarX, DGTERA to empower digital transformation in F&B in Egypt, Saudi Arabia
Arab Finance: WaffarX, Egypt's leading fintech cashback solution, has entered a new strategic partnership with DGTERA, a fast-growing provider of smart solutions in the food and beverage (F&B) and retail sectors, according to an emailed press release. Under the partnership, both companies will jointly cooperate on integrating value-driven customer engagement tools with innovative operational technology. They will also work together on introducing a new standard of efficiency and consumer loyalty to F&B businesses across Egypt and Saudi Arabia This collaboration will enable WaffarX to integrate its cashback technology seamlessly into DGTERA's smart restaurant and retail systems, offering end users a rewarding experience directly at the point of purchase. It aims to assist F&B businesses in enhancing customer retention and increasing transaction value while improving operational performance. It also supports the regional growth strategies of both companies, leveraging their complementary strengths in fintech innovation and smart retail infrastructure. DGTERA currently serves over 1,400 merchants and 6,000 active points of sale (POS) in Saudi Arabia alone. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
2 hours ago
- Zawya
Egypt: Foodico's profits rise 32.87% YoY in Q1 2025
Arab Finance: Ismailia National Food Industries (Foodico) saw a 32.87% year-on-year (YoY) increase in its net profits after tax during the first quarter (Q1) of 2025, according to the audited financial statement on May 29th. Foodico achieved net profits after tax of EGP 42.433 million in the three-month period ended March 31st this year, compared to EGP 31.936 million in the corresponding period a year earlier. Net sales hit EGP 122.858 million in Q1 2025, up from EGP 78.082 million in Q1 2024. Foodico is an Egypt-based company engaged in the food industry. The company is involved in the production of vegetables, fruits, and agricultural products such as juices and beverages, in addition to manufacturing, freezing, canning, and drying vegetables, fruits, and legumes, among others. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
