Economy

What will happen to Egypt’s debt if US dollar hits LE38?

What will happen to Egypt’s debt if US dollar hits LE38?

The Standard Chartered Bank said that nearly a third of Egypt’s debt is denominated in foreign currencies, and any additional…
Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion

Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion

A report for the preliminary version of the economic and social development plan for the fiscal year 2023/2024, issued by…
Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%

Egypt sells treasury bills worth LE46 billion, at interest rate of 23.8%

Egypt’s Finance Ministry accepted about 453 bids to sell treasury bills put forward by the Central Bank of Egypt in…
Egypt sees increased demand for purchasing Gold Investment Fund documents

Egypt sees increased demand for purchasing Gold Investment Fund documents

The bodies receiving subscriptions to Egypt’s Gold Investment Fund continue to receive those wishing to invest in gold, through electronic…
Egyptian exports to the US fall to US$2.3 billion in 2022: CAPMAS

Egyptian exports to the US fall to US$2.3 billion in 2022: CAPMAS

The Central Agency for Public Mobilization and Statistics reported a decrease in the value of Egyptian exports to the US…
Apache wants more concession areas in Egypt’s desert

Apache wants more concession areas in Egypt’s desert

The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore…
Egypt launches 1st Gold Investment Fund

Egypt launches 1st Gold Investment Fund

Egypt’s Financial Regulatory Authority approved the establishment of the nation’s first fund to invest in gold, enhance financial and investment…
International credit rating institutions put pressure on Egypt: Expert

International credit rating institutions put pressure on Egypt: Expert

Fitch Ratings on Friday lowered Egypt’s rating by one notch from “B+” to “B”, while converting its outlook to “negative”,…
Finance Ministry responds to Fitch rating of Egypt’s economy

Finance Ministry responds to Fitch rating of Egypt’s economy

Egyptian Finance Minister Mohamed Maait responded to Fitch’s decision to downgrade Egypt’s credit rating in both local and foreign currencies…
Finance Minister discusses S&P downgrading Egypt’s economic outlook

Finance Minister discusses S&P downgrading Egypt’s economic outlook

Egypt will implement a package of financial, monetary and structural measures to deal with the high external financing needs of…
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