Economy
Currency exchange between Egypt, China and UAE to start in 2024
October 1, 2023
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
September 25, 2023
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
September 24, 2023
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
September 22, 2023
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.…
Total natural gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day: Petroleum ministry
September 17, 2023
Total natural gas production of Agiba, Pharaonic Petroleum surpasses 205 million cubic feet per day: Petroleum ministry
The total natural gas production of Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) reached 205 million cubic feet per…
The 5 best times to invest in gold
September 14, 2023
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
September 12, 2023
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%
September 11, 2023
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
September 8, 2023
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
September 6, 2023
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…