Economy
Egypt mulls barter trade with other countries: Official
November 13, 2023
Egypt mulls barter trade with other countries: Official
The Head of the Environmental Compliance and Sustainable Development Office at the Federation of Egyptian Industries Sherif al-Gabaly revealed on…
Expectations of unprecedented inflation in Egypt
November 10, 2023
Expectations of unprecedented inflation in Egypt
The head of Egypt’s sovereign wealth fund Ayman Soliman said that Egypt’s inflation, which has accelerated to record levels, has…
Dollar price in Egypt rises to LE48 up from LE42 last week
November 8, 2023
Dollar price in Egypt rises to LE48 up from LE42 last week
The price of the dollar rose against the Egyptian pound by at least five pounds, exceeding LE47 according to the…
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?
November 5, 2023
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?
For the second time in six months, Fitch Ratings on Friday moved to reduce Egypt’s sovereign rating for long-term debt…
Egypt implements new gasoline prices on Friday
November 3, 2023
Egypt implements new gasoline prices on Friday
Egypt’s Automatic Pricing Committee for Petroleum Products has moved to increase the prices of all types of gasoline. The decision…
CBE offers new instructions of credit cards outside Egypt
October 31, 2023
CBE offers new instructions of credit cards outside Egypt
The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of overcoming any…
CBE offers new instructions to facilitate use of credit cards outside Egypt
October 29, 2023
CBE offers new instructions to facilitate use of credit cards outside Egypt
The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of…
Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘
October 23, 2023
Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘
Global rating agency Standard & Poor’s on Friday downgraded Egypt’s long-term sovereign rating to “B-” from “B” – indicating increased…
Banking expert explains CBE’s new decision on usage of credit cards abroad
October 18, 2023
Banking expert explains CBE’s new decision on usage of credit cards abroad
Banking expert Mohamed Abdel-al explained that the Central Bank of Egypt’s decision to activate the maximum credit limit granted to…
US dollar price stabilizes on Tuesday in Egypt
October 17, 2023
US dollar price stabilizes on Tuesday in Egypt
The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, at the Central Bank of…