Economy
Fitch expects inflation rates in Egypt to decline on annual basis
March 2, 2024
Fitch expects inflation rates in Egypt to decline on annual basis
The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal
March 2, 2024
Egypt receives US$ 10 billion from Ras al-Hikma deal
Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…
Central Bank of Egypt offers LE60 bln in Treasury bills
March 1, 2024
Central Bank of Egypt offers LE60 bln in Treasury bills
The Central Bank of Egypt (CBE) offered LE60 billion in Treasury bills on Thursday through two tenders. The first tender…
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
February 29, 2024
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
Egypt has received the first tranche of funds pledged by the UAE from a total of $35 billion. President Abdel…
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
February 29, 2024
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, said that Egypt’s announcement on Friday of a $35…
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
February 28, 2024
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
Emirati businessman Khalaf al-Habtoor renewed his desire to invest in the Regal Heights Hotel, the largest hotel in the el-Alamein…
Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
February 27, 2024
Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
The Emirates NBD – Egypt bank announced the launch of three new certificates of deposits (CDs) with competitive returns exceeding…
IMF’s loan to Egypt not linked to Gaza crisis, official assures
February 26, 2024
IMF’s loan to Egypt not linked to Gaza crisis, official assures
The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour said there…
US dollar exchange rate to stabilize in six months: MP
February 26, 2024
US dollar exchange rate to stabilize in six months: MP
The Chairman of the Plan and Budget Committee in the Egyptian House of Representatives and former expert at the IMF,…
IMF sees ‘excellent progress’ in talks with Egypt
February 24, 2024
IMF sees ‘excellent progress’ in talks with Egypt
An International Monetary Fund (IMF) official said that the fund continues to make excellent progress on discussions with the Egyptian…