Economy
Egypt’s energy sector expected to generate over US19 billions in revenues
November 1, 2022
Egypt’s energy sector expected to generate over US19 billions in revenues
Egypt is expected to generate alot of revenue from the energy sector in 2022. Predictions are to be exceeding US$19…
US dollar price exceeds LE24 in Egypt
October 31, 2022
US dollar price exceeds LE24 in Egypt
The price of the US dollar rose on Sunday evening to reach its highest level in 2022 so far breaking…
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
October 30, 2022
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
The head of the Egyptian Engineering Export Council (EEC) Sherif al-Sayyad announced Saturday that Egypt is suffering from a large…
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
October 29, 2022
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
Forbes Middle East has reported that Egypt’s gross domestic product has grown by 6.6 percent during the 2021/2022 fiscal year.…
Will Egyptian banks offer certificates with 20% interest rate soon?
October 29, 2022
Will Egyptian banks offer certificates with 20% interest rate soon?
The Central Bank of Egypt announced various decisions on Thursday aimed at achieving reform measures to ensure the protection and…
CBE governor answers why interest rates were raised for the first time in 5 months
October 27, 2022
CBE governor answers why interest rates were raised for the first time in 5 months
On Thursday morning, the Central Bank of Egypt announced a package of exceptional decisions related to withdrawal and deposit limits…
Egypt announces flotation of Egyptian pound on Thursday
October 27, 2022
Egypt announces flotation of Egyptian pound on Thursday
The Central Bank of Egypt (CBE) issued a statement, on Thursday morning, announcing reform measures to ensure macroeconomic stability and…
What does an index for the Egyptian pound mean?
October 26, 2022
What does an index for the Egyptian pound mean?
Economic and banking expert Ahmed Shawky said that issuing an index for the Egyptian pound is one of the most…
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
October 23, 2022
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
Standard & Poor’s affirmed Egypt’s rating at B/B with a stable outlook. In April, Moody’s credit rating agency decided to…
Egypt’s FRA participates in IOSCO’s meetings in Morocco
October 22, 2022
Egypt’s FRA participates in IOSCO’s meetings in Morocco
The Chairman of the Board of Directors of the Financial Regulatory Authority (FRA), Mohamed Farid, participated in the meeting of…