Economy

Experts note 10% decline in online purchases after rising inflation in Egypt

Experts note 10% decline in online purchases after rising inflation in Egypt

Experts in the online purchasing sector confirmed that the increase in Egypt’s inflation rates will impact the rate of consumer…
Is the Egyptian pound facing new losses?

Is the Egyptian pound facing new losses?

Fitch Solutions revealed its expectations for the US dollar exchange rate against the Egyptian pound during the current fiscal year…
Stock market indices show mixed performance at close of trading

Stock market indices show mixed performance at close of trading

CAIRO, Aug 12 (MENA) – Egyptian Exchange (EGX) indices showed mixed performance at close of Monday’s trading backed by strong…
US dollar exchange rate at Egypt’s major banks

US dollar exchange rate at Egypt’s major banks

The US dollar exchange rate against the Egyptian pound has stabilized Friday, following the increase recorded yesterday, coinciding with the…
Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egyptian Prime Minister Mostafa Madbouly has presided over the signing ceremony of a Memorandum of Understanding at the New Alamein…
New Financial Instruments To Be Launched For Local Market Soon: Finance Min

New Financial Instruments To Be Launched For Local Market Soon: Finance Min

Finance Minister Ahmed Kouchouk said his ministry will work for launching new financial instruments for the local market over the…
Experts explain why the US dollar exchange rate has risen against the Egyptian pound

Experts explain why the US dollar exchange rate has risen against the Egyptian pound

Recent regional tensions have impacted the US dollar exchange rate against the Egyptian pound, which witnessed a recent increase sometimes…
Egypt receives third tranche of IMF program worth $820 million

Egypt receives third tranche of IMF program worth $820 million

Mostafa Madbouly, Prime Minister, chaired on Thursday the first meeting of the Coordination Council for Financial and Monetary Policies, in…
US dollar exchange rate sees increase at Thursday’s midpoint bank trading

US dollar exchange rate sees increase at Thursday’s midpoint bank trading

The US dollar has recorded a new increase on Thursday during the middle of bank trading. The average price of…
IMF calls on Egypt to devaluate Egyptian pound against US dollar again

IMF calls on Egypt to devaluate Egyptian pound against US dollar again

The head of the International Monetary Fund (IMF) mission in Egypt, Ivanna Vladkova Hollar, said that there are no reforms…
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