Economy

Commodity prices in Egypt to be reduced on Saturday at the latest: PM

Commodity prices in Egypt to be reduced on Saturday at the latest: PM

The prices of seven major groups of commodities will be reduced by rates ranging from 15 percent to 25 percent…
Egypt to see significant decrease in prices of 9 basic commodities soon: Official

Egypt to see significant decrease in prices of 9 basic commodities soon: Official

The Secretary General of the Federation of Chambers of Commerce, Alaa Ezz, announced a significant decrease in the prices of…
How to open a US dollar account in Egypt’s banks

How to open a US dollar account in Egypt’s banks

Opening an account in the US dollar is a service that government and private banks provide to enable their customers…
Currency exchange between Egypt, China and UAE to start in 2024

Currency exchange between Egypt, China and UAE to start in 2024

The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
Italy cancels $100 mln in debt owed by Egypt

Italy cancels $100 mln in debt owed by Egypt

Italy cancelled debts amounting to US$100 million owed by Egypt as part of the debt swap program between the two…
Egypt postpones decision to stop export of onions, leading to market confusion

Egypt postpones decision to stop export of onions, leading to market confusion

The Ministry of Trade and Industry announced it had postponed the implementation of a decision to stop the export of…
Interest rates remain unchanged during Central Bank of Egypt’s latest meeting

Interest rates remain unchanged during Central Bank of Egypt’s latest meeting

The Monetary Policy Committee of the Central Bank of Egypt kept interest rates unchanged during its latest meeting on Thursday.…
The 5 best times to invest in gold

The 5 best times to invest in gold

When it comes to investing in precious metals, buying gold has long been considered a safe-haven asset. For centuries, it…
CBE to decide on interest rate on September 21

CBE to decide on interest rate on September 21

The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its sixth meeting for 2023 on…
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