Economy
US dollar exchange rate in Egypt on Friday
January 13, 2023
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
January 13, 2023
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
January 12, 2023
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
January 11, 2023
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
January 11, 2023
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
January 11, 2023
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
January 5, 2023
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
December 27, 2022
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
December 17, 2022
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
December 15, 2022
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…