Economy
TSFE among largest 50 Sovereign funds globally: Egypt’s presidency
August 14, 2023
TSFE among largest 50 Sovereign funds globally: Egypt’s presidency
The Spokesperson for the Egyptian Presidency Ahmad Fahmy announced Sunday that Egyptian President Abdel Fattah al-Sisi was briefed on the…
IMF to review Egypt’s reform program twice in September
August 13, 2023
IMF to review Egypt’s reform program twice in September
A former advisor to the International Monetary Fund (IMF) Fakhry al-Fiqi said Saturday that the second review to the Egyptian…
Financial performance indices of FY 2022/23 good despite global crises – Min.
August 11, 2023
Financial performance indices of FY 2022/23 good despite global crises – Min.
The financial performance indices of the fiscal year 2022-2023 were good despite the current global challenges and crises, Finance Minister…
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
August 7, 2023
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The Central Bank of Egypt announced that the value of gold listed in foreign exchange reserves by the end of…
Now is a good time to buy gold, says Egyptian commerce official
August 7, 2023
Now is a good time to buy gold, says Egyptian commerce official
The head of the Jewelry and Gold Division at the Federation of Egyptian Chambers of Commerce Hany Milad announced Saturday…
Will Egyptian banks offer new high-yield CDs?
August 5, 2023
Will Egyptian banks offer new high-yield CDs?
Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
CBE raises interest rates by 100 basis points
August 4, 2023
CBE raises interest rates by 100 basis points
The Monetary Policy Committee of the Central Bank of Egypt during its Thursday meeting raised overnight interest rates by 100…
Vice President of NBE reveals details of new US dollar certificates
July 26, 2023
Vice President of NBE reveals details of new US dollar certificates
The National Bank of Egypt on Wednesday began issuing two new certificates of deposit (CDs) in US dollars for a…
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
July 25, 2023
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
The treasurer of the Federation of Egyptian Chambers of Commerce (FEDCOC), Mohamed al-Fayoumi, said on Monday that the recent statements…
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
July 19, 2023
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
The Information and Decision Support Center of the Egyptian Cabinet issued a report where it predicted a rise in Egypt’s…