Economy

Currency exchange between Egypt, China and UAE to start in 2024

Currency exchange between Egypt, China and UAE to start in 2024

The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
Italy cancels $100 mln in debt owed by Egypt

Italy cancels $100 mln in debt owed by Egypt

Italy cancelled debts amounting to US$100 million owed by Egypt as part of the debt swap program between the two…
Egypt postpones decision to stop export of onions, leading to market confusion

Egypt postpones decision to stop export of onions, leading to market confusion

The Ministry of Trade and Industry announced it had postponed the implementation of a decision to stop the export of…
Interest rates remain unchanged during Central Bank of Egypt’s latest meeting

Interest rates remain unchanged during Central Bank of Egypt’s latest meeting

The Monetary Policy Committee of the Central Bank of Egypt kept interest rates unchanged during its latest meeting on Thursday.…
The 5 best times to invest in gold

The 5 best times to invest in gold

When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset. For centuries, it…
CBE to decide on interest rate on September 21

CBE to decide on interest rate on September 21

The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its sixth meeting for 2023 on…
Egypt’s annual inflation rate rises to 39.7%

Egypt’s annual inflation rate rises to 39.7%

The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced that the annual inflation rate rose to 39.7…
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts

Politician proposes selling state-owned sports clubs to pay off Egypt’s debts

The representative of the Free Egyptians Party at the National Dialogue, Mohamed Khalil Badra, proposed selling state-owned assets such as…
Egypt’s currency expected to be devalued after presidential elections

Egypt’s currency expected to be devalued after presidential elections

Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after…
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