Economy
IMF in the final stage of formulating increased financing for Egypt
February 10, 2024
IMF in the final stage of formulating increased financing for Egypt
The International Monetary Fund (IMF) is formulating a new financial support package for Egypt, following upon its plans to increase…
The dollar rises once more, reaching LE63 in Egypt’s parallel market
February 8, 2024
The dollar rises once more, reaching LE63 in Egypt’s parallel market
The dollar price in the parallel market rose again during Wednesday’s trading to record LE63, according to the “Investing” platform,…
Egypt’s foreign reserves rise to US$35.249 billion by end of January
February 7, 2024
Egypt’s foreign reserves rise to US$35.249 billion by end of January
The Central Bank of Egypt (CBE) revealed an increase in net foreign exchange reserves, reaching US$35.249 billion at the end…
National Bank of Egypt increases interest rates for certificates in 2024
February 7, 2024
National Bank of Egypt increases interest rates for certificates in 2024
The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in…
Banking expert explains differences between clean and dirty float
February 5, 2024
Banking expert explains differences between clean and dirty float
Banking expert Hany Abul-Fotouh explained that the exchange rate policies followed globally involve either linking the country’s currency to another…
Head of Egypt’s gold division reveals expectations for gold prices in the coming period
February 2, 2024
Head of Egypt’s gold division reveals expectations for gold prices in the coming period
The head of the Jewelry and Jewelry Division at the Chambers of Commerce Hani Milad, clarified that circulated rumors regarding…
Naguib Sawiris urges significant devaluation of the Egyptian pound
February 1, 2024
Naguib Sawiris urges significant devaluation of the Egyptian pound
Egyptian billionaire Naguib Sawiris criticized the delay in implementing the long-awaited devaluation of the Egyptian pound, proposing that authorities match…
IMF determines agreement with Egypt regarding tranches of existing loan and additional financing
February 1, 2024
IMF determines agreement with Egypt regarding tranches of existing loan and additional financing
The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, said that…
IMF lowers growth expectations for Egypt economy for the 3rd time
January 31, 2024
IMF lowers growth expectations for Egypt economy for the 3rd time
The International Monetary Fund (IMF) lowered its growth expectations for the Egyptian economy during 2024, while maintaining its expectations for…
IMF reportedly increasing loan to Egypt to US$8 billion: TV host
January 31, 2024
IMF reportedly increasing loan to Egypt to US$8 billion: TV host
Egyptian TV host Lamis al-Hadidi said on Tuesday during her show “Last Word” (Kalema Akhera) that there is upcoming news…