Economy

US dollar exchange rate in Egypt on Friday

US dollar exchange rate in Egypt on Friday

The price of the US dollar stabilized against the Egyptian pound, on Friday, in Egypt, coinciding with the start of…
Savings certificates with 25% return deadline expected in two or three weeks

Savings certificates with 25% return deadline expected in two or three weeks

Banque Misr and the National Bank of Egypt are expected to continue to offer term deposit savings certificates with a…
US dollar price rises on Thursday

US dollar price rises on Thursday

The price of the US dollar jumped on Thursday in a number of banks operating in Egypt, in mid-trading, after…
CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022

CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022

The Central Bank of Egypt (CBE) announced that the annual headline inflation rate jumped 24.4 percent in December 2022, compared…
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records

Egyptian pound tumbles to LE30 against US dollar, breaking all previous records

The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…
CIB Egypt offers Certificates of Deposit with distinctive return, following NBE, Banque Misr

CIB Egypt offers Certificates of Deposit with distinctive return, following NBE, Banque Misr

Commercial International Bank Egypt announced Tuesday, that it would raise the interest on Certificates of Deposit (CDs) for a year…
US dollar price in Egypt on Thursday

US dollar price in Egypt on Thursday

On Thursday, January 5, 2023, the price of the US dollar against the Egyptian pound rose in Egypt one bank…
Ten years in prison, fine in millions for US dollar manipulators, CBE

Ten years in prison, fine in millions for US dollar manipulators, CBE

  The Central Bank of Egypt has revealed a prison sentence of no less than three years and no more…
Egyptian expert predicts ease to US dollar shortage in the next year

Egyptian expert predicts ease to US dollar shortage in the next year

Economic expert Hany Geneina shot down recent news that the Egyptian pound is going the same fate of the Sudanese…
New ’Narges’ gas field discovered in Egypt’s Mediterranean waters

New ’Narges’ gas field discovered in Egypt’s Mediterranean waters

Egyptian Petroleum Minister, Tariq al-Mulla, announced that Egypt has discovered a new gas field in the Mediterranean Sea, which is…
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