Business
No minimum balance – Egyptian banks offer free accounts for financial inclusion in April
April 10, 2025
No minimum balance – Egyptian banks offer free accounts for financial inclusion in April
The Central Bank of Egypt (CBE) issued a statement on Thursday, announcing that banks operating in the Egyptian market will…
Egypt, AFD sign sign nine agreements worth €262.3 million
April 9, 2025
Egypt, AFD sign sign nine agreements worth €262.3 million
Egypt and France have signed nine financing agreements following the high-level official visit of French President Emmanuel Macron to Cairo,…
Naguib Sawiris expects gold to hit US$5,000 per ounce
April 9, 2025
Naguib Sawiris expects gold to hit US$5,000 per ounce
Egyptian businessman Naguib Sawiris, chairman of Orascom Investment Holding, predicted that the price of gold would reach US$5,000 per ounce…
E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead
April 7, 2025
E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead
Banque Misr and Bank of Alexandria have decided to implement a new increase in the fees for money transfers through…
Egypt considers importing 15 new Liquefied natural gas shipments in 2025
April 7, 2025
Egypt considers importing 15 new Liquefied natural gas shipments in 2025
The Egyptian Ministry of Petroleum and Mineral Resources is considering importing more than 15 new Liquefied natural gas (LNG) shipments…
Egypt’s external debt fell by US$12.9 billion in 2024
April 6, 2025
Egypt’s external debt fell by US$12.9 billion in 2024
Reforms led by the Central Bank of Egypt (CBE) contributed to the country’s largest ever decline in external debt in…
Finance Ministry highlights initiatives to stimulate economic activity
April 5, 2025
Finance Ministry highlights initiatives to stimulate economic activity
The Ministry of Finance outlined several initiatives to stimulate economic activity, empower the private sector and support productive industries in…
Central Bank of Egypt announces increase in net foreign assets
April 5, 2025
Central Bank of Egypt announces increase in net foreign assets
The net foreign assets of the Egyptian banking system jumped by approximately US$1.5 billion during February, reaching $10.17 billion, compared…
Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown
April 4, 2025
Goldman Sachs lowers US yield outlook, cites tariff-driven slowdown
Goldman Sachs has lowered its forecasts for US debt yields by the end of 2025, citing the potential for an…
Transfer and inquiry fees implemented on InstaPay starting Tuesday
April 1, 2025
Transfer and inquiry fees implemented on InstaPay starting Tuesday
New fees for transfer and inquiry services on the “InstaPay” application have come into effect on Tuesday, April 1, 2025.…