Economy
What will happen to Egypt’s debt if US dollar hits LE38?
May 30, 2023
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
May 29, 2023
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%
May 29, 2023
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
May 24, 2023
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
May 22, 2023
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
May 16, 2023
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
May 15, 2023
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
May 10, 2023
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
May 7, 2023
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
April 22, 2023
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…