Economy

Sawiris defends his proposal to repay Egypt’s foreign Debt

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

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

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

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

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

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

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

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

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

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…
Back to top button