Economy

Egypt to issue LE20 polymer banknote

Egypt to issue LE20 polymer banknote

TV host Youssef al-Husseini announced that a twenty-pound plastic (polymer) banknote will soon be issued, after citizens traded the ten-pound…
Trade with Egypt to reach US$ 20 billion, Turkish diplomat

Trade with Egypt to reach US$ 20 billion, Turkish diplomat

  The Chargé d’Affaires of the Turkish Embassy to Egypt, Ambassador Salih Mutlu Şen said that he expects the volume…
World Bank issues negative forecast for Egypt’s economy

World Bank issues negative forecast for Egypt’s economy

The World Bank lowered its forecast for Egypt’s gross domestic product growth during the current fiscal year to four percent…
Prices of 10 types of cigarettes raised in Egypt

Prices of 10 types of cigarettes raised in Egypt

The Tobacco Division of the Chamber of Commerce announced an increase in ten types of cigarettes, starting Thursday, the famous…
US dollar price stabilizes Thursday

US dollar price stabilizes Thursday

The price of the US dollar stabilized, Thursday April 6, 2023, against the Egyptian pound at the beginning of trading.…
Nasser Social Bank introduces CD with interest rate of 17-18%

Nasser Social Bank introduces CD with interest rate of 17-18%

Minister of Social Solidarity Nevine al-Kabbaj announced Tuesday the launch of a new certificate of deposit under the “Hayah Karima”…
Egypt receives investor offers to buy Wataniya, Safi companies

Egypt receives investor offers to buy Wataniya, Safi companies

Egypt started receiving offers from investors to buy shares of Wataniya and Safi companies, affiliated to the National Service Projects…
Banque Misr: time period for availability of new CDs is open

Banque Misr: time period for availability of new CDs is open

The President of the Federation of Egyptian Banks and Chairman of the Board of Directors of Banque Misr, Mohamed el-Etreby,…
NBE denies issuance of CDs at 30% interest rate

NBE denies issuance of CDs at 30% interest rate

The National Bank of Egypt denied reports that the bank or any banks operating in Egypt had issued a new…
US dollar exchange rate in Egypt after CBE raises interest rate

US dollar exchange rate in Egypt after CBE raises interest rate

The price of the US dollar stabilized on Friday, March 31, one day after the Central Bank of Egypt raised…
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