Economy
Egypt awaits final approval on fourth tranche of IMF loan
February 9, 2025
Egypt awaits final approval on fourth tranche of IMF loan
Informed sources said on Saturday that the date of the meeting of the Executive Directors of the International Monetary Fund…
Egypt awaits IMF decision on $1.2 billion loan disbursement
February 7, 2025
Egypt awaits IMF decision on $1.2 billion loan disbursement
Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement…
Turkey to supply Egypt with large amount of gas
February 5, 2025
Turkey to supply Egypt with large amount of gas
Egypt is preparing to receive the Turkish gasification ship “Botas” in June, to provide the market with supplies of up…
Largest sovereign wealth fund reduces its holdings in Egyptian equities
January 31, 2025
Largest sovereign wealth fund reduces its holdings in Egyptian equities
Investments by Norway’s sovereign wealth fund in companies listed on the Egyptian stock exchange decreased during 2024, reaching $100.3 million…
Egyptian remittances jump 47% to $26.3 billion
January 30, 2025
Egyptian remittances jump 47% to $26.3 billion
The Central Bank of Egypt on Wednesday announced a significant increase in remittances from Egyptians abroad, reaching $26.3 billion from…
US dollar exchange rate stabilizes against the Egyptian pound at Egypt’s major banks
January 23, 2025
US dollar exchange rate stabilizes against the Egyptian pound at Egypt’s major banks
The US dollar exchange rate against the Egyptian pound remained stable in banks on Thursday. The greenback maintained its latest…
Double your money – details of the 4-Year Bullet Certificate of Deposit from AAIB
January 22, 2025
Double your money – details of the 4-Year Bullet Certificate of Deposit from AAIB
The Arab African International Bank has provided many types of certificates of deposits to customers, including the four-year certificate with…
CAPMAS: Annual inflation rate declines to 23.4 percent in December
January 9, 2025
CAPMAS: Annual inflation rate declines to 23.4 percent in December
Egypt’s annual inflation rate declined to 23.4 percent in December 2024 against 25 percent in November, the Central Agency for…
Egypt’s foreign reserves exceed $47 billion
January 7, 2025
Egypt’s foreign reserves exceed $47 billion
The Central Bank of Egypt announced on Monday, that net foreign reserves have increased to $47.109 billion in December, compared…
US dollar exchange rate against Egyptian pound at Egypt’s major banks
January 3, 2025
US dollar exchange rate against Egyptian pound at Egypt’s major banks
The US dollar exchange rate against the Egyptian pound remained stable on Friday, across 17 local banks, holding at the…