Economy
Egypt desires for IMF’s work not to impose additional burdens on citizens: Prime Minister
November 4, 2024
Egypt desires for IMF’s work not to impose additional burdens on citizens: Prime Minister
Egyptian Prime Minister Mostafa Madbouly announced the start of implementing procedures for the fourth review of the International Monetary Fund’s…
Fitch upgrades Egypt’s credit rating to B with stable outlook
November 2, 2024
Fitch upgrades Egypt’s credit rating to B with stable outlook
Fitch Ratings upgraded Egypt’s credit rating from B- to B with a stable outlook. The credit rating agency said in…
Real estate bubble threatens Egypt’s market: Expert
November 1, 2024
Real estate bubble threatens Egypt’s market: Expert
Wael Enaba, a capital markets expert, has stated that there is currently a disagreement among experts and analysts regarding the…
Egypt looks forward to positive consultations with IMF mission: Minister
October 28, 2024
Egypt looks forward to positive consultations with IMF mission: Minister
Minister of Finance Ahmed Kouchouk, concluded his participation in the annual meetings of the International Monetary Fund (IMF) and the…
Three alternatives to compensate for decline in Suez Canal revenues
October 28, 2024
Three alternatives to compensate for decline in Suez Canal revenues
The Chairman of the Board of Directors of the Commercial International Bank, Hesham Ezz al-Arab, said on Sunday that the…
China directly invests up to $8 billion in Egypt
October 27, 2024
China directly invests up to $8 billion in Egypt
The General Authority for Investment and Free Zones announced that Chinese companies in Egypt have been able to achieve tangible…
Egypt calls for restructuring debts of middle and low-income countries
October 26, 2024
Egypt calls for restructuring debts of middle and low-income countries
Egypt called on the international community to restructure the debts of middle and low-income countries, and use the debt swap…
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
October 25, 2024
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust…
Egyptian pound continues to weaken as dollar price rises in 9 major banks
October 24, 2024
Egyptian pound continues to weaken as dollar price rises in 9 major banks
The Egyptian pound continued to lose ground against the US dollar, with the greenback’s price increasing in nine major Egyptian…
Standard & Poor’s affirms Egypt’s economy rating and outlook
October 19, 2024
Standard & Poor’s affirms Egypt’s economy rating and outlook
The Standard & Poor’s credit rating agency affirmed its outlook for the Egyptian economy at positive, while maintaining its debt…