Economy
IMF welcomes outcomes of Egypt government IPO program
July 17, 2023
IMF welcomes outcomes of Egypt government IPO program
The International Monetary Fund‘s spokesperson Julie Kozack welcomed the Egyptian government’s announcement that it had signed contracts to sell stakes…
Egypt’s government is not doing enough to curb inflation: Expert
July 11, 2023
Egypt’s government is not doing enough to curb inflation: Expert
Economic expert Mostafa Badra said on Monday that the Egyptian government is not doing enough to confront high inflation at…
Will Egypt raise key interest rates?
July 11, 2023
Will Egypt raise key interest rates?
Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal…
Inflation in Egypt rises to its highest rate ever
July 10, 2023
Inflation in Egypt rises to its highest rate ever
The annual consumer price inflation in Egyptian cities rose from 32.7 percent in May to 35.7 percent in June, its…
Egypt, UN cooperate in green and smart projects initiative
July 9, 2023
Egypt, UN cooperate in green and smart projects initiative
The coordinator of the National Initiative for Green and Smart Projects in Egypt Hesham Badr met with the UN Women’s…
Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
July 8, 2023
Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
The balance of foreign exchange reserves increased to US$ 34.806 billion by the end of June, compared to US$ 34.660…
Egypt sees decrease in exports/imports and increase in trade balance deficit
July 5, 2023
Egypt sees decrease in exports/imports and increase in trade balance deficit
The foreign trade data bulletin for April, issued by the Central Agency for Public Mobilization and Statistics, showed an increase…
Is Egypt devaluing its currency anytime soon?
July 4, 2023
Is Egypt devaluing its currency anytime soon?
Speculations have gone viral about the possibility of Egypt devaluing its own currency, despite Egyptian President Abdel Fattah al-Sisi asserting…
Fitch Solutions warns of high inflation rates in Egypt
June 27, 2023
Fitch Solutions warns of high inflation rates in Egypt
Inflation remains a major concern for Egyptians and will lead to a sharp rise in borrowing costs, warned Fitch Solutions,…
Foreign currency ratings on Monday at NBE
June 26, 2023
Foreign currency ratings on Monday at NBE
On Monday, the last working day for banks in Egypt before the Eid Al-Adha holiday, the prices of many foreign…