Economy
Dollar exchange rate stable at start of Tuesday’s transactions
May 22, 2024
Dollar exchange rate stable at start of Tuesday’s transactions
The dollar exchange rate was stable at the start of Tuesday’s transactions at Egypt’s major banks. At the National Bank…
PM, WB officials discuss governance of state-owned enterprises
May 21, 2024
PM, WB officials discuss governance of state-owned enterprises
Prime Minister Mostafa Madbouly has discussed with the World Bank (WB) delegation taking steady steps to implement what was stated…
Egypt’s Customs Authority returns tariff on expatriate gold
May 19, 2024
Egypt’s Customs Authority returns tariff on expatriate gold
The Egyptian Customs Authority has resumed applying the customs category stipulated in the customs tariff on gold jewelry imported by…
SCZone successfully attracts 128 projects worth US$6 billion within two years
May 18, 2024
SCZone successfully attracts 128 projects worth US$6 billion within two years
The Suez Canal Economic Zone (SCZone) in two years has successfully attracted 128 projects worth six billion dollars, of which…
National Bank of Egypt raises credit card usage limits for customers inside and outside Egypt
May 17, 2024
National Bank of Egypt raises credit card usage limits for customers inside and outside Egypt
The National Bank of Egypt (NBE) has decided to raise the credit card usage limits for existing customers inside and…
Cabinet: Positive Economic Expectations From Int’l Institutions For 2024-2025
May 16, 2024
Cabinet: Positive Economic Expectations From Int’l Institutions For 2024-2025
Economic measures recently taken by the government have contributed to meeting internal challenges and mitigate the repercussions of the surrounding…
Egypt’s annual inflation rate falls to 31.8% in April: CAPMAS
May 9, 2024
Egypt’s annual inflation rate falls to 31.8% in April: CAPMAS
Egypt’s annual urban consumer price inflation slowed further in April to 32.5 percent on a year-on-year basis, down from 33.3…
Boycott cuts Americana’s 2024 Q1 profits in Half
May 9, 2024
Boycott cuts Americana’s 2024 Q1 profits in Half
Americana Restaurants International PLC (“Americana Restaurants”) announced its financial results for the first quarter of 2024, highlighting a decline in…
National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt
May 7, 2024
National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt
Rapporteur of the Investment Committee at the National Dialogue Samir Sabri said Fitch Ratings on Egypt indicate the Egyptian economy…
Egypt launches its first ever digital bank
May 2, 2024
Egypt launches its first ever digital bank
Banque Misr through its subsidiary Misr Digital Innovation has obtained a license from the Central Bank of Egypt to launch…