Economy
Sawiris defends his proposal to repay Egypt’s foreign Debt
August 27, 2025
Sawiris defends his proposal to repay Egypt’s foreign Debt
Egyptian billionaire Naguib Sawiris defended his proposal to offer the remaining lands on the North Coast and the Red Sea…
Here’s all you need to know about 2025’s best Certificate of Deposit with the highest return in Egyptian banks
August 26, 2025
Here’s all you need to know about 2025’s best Certificate of Deposit with the highest return in Egyptian banks
The Arab African International Bank (AAIB) has launched the Four-Year Bullet Certificate of Deposit, offering a cumulative return of up…
The world’s largest sovereign wealth fund withdraws its investments from Israel
August 12, 2025
The world’s largest sovereign wealth fund withdraws its investments from Israel
Norway’s sovereign wealth fund, the world’s largest with total assets exceeding US$ 1.6 trillion, announced the divestment of several Israeli…
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025
August 12, 2025
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025
The Standard Chartered Bank said that the Egyptian economy will remain strong, with macroeconomic stability despite rapid global shifts –…
US dollar rises globally, other currencies fluctuate
August 9, 2025
US dollar rises globally, other currencies fluctuate
The US dollar is now higher but is heading for a week decline after weakening economic data prompted traders to…
PM chairs economic ministerial group meeting
August 9, 2025
PM chairs economic ministerial group meeting
Prime Minister Mostafa Madbouly chaired a meeting of the economic ministerial group on Thursday to review economic performance, inflation, and…
Egyptian pound surges – dollar hits 9-month low against local currency
July 31, 2025
Egyptian pound surges – dollar hits 9-month low against local currency
The US dollar has fallen to its lowest level in Egypt in nine months, reaching LE 48.75 for buying and…
Egypt’s government plans to borrow from citizens through retail bonds
July 26, 2025
Egypt’s government plans to borrow from citizens through retail bonds
Economic expert Mohamed Fouad, the head of the al-Adl Center for Public Policy Studies, commented on the announcement by Finance…
FM: Egyptian economy has promising investment chances
July 26, 2025
FM: Egyptian economy has promising investment chances
CAIRO/BAMAKO, July 24 (MENA) – Minister of Foreign Affairs, Emigration and Egyptians Abroad Badr Abdelatty affirmed that the Egyptian economy—being…
Egypt’s tourism revenues rise by 15.4%: CBE
July 23, 2025
Egypt’s tourism revenues rise by 15.4%: CBE
The Central Bank of Egypt (CBE) announced on Tuesday that tourism revenues rose by 15.4 percent to US$ 12.5 billion…