Economy
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…
Bloomberg: PIF prepares to acquire a bank in Egypt
December 13, 2022
Bloomberg: PIF prepares to acquire a bank in Egypt
The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Finance Ministry refutes rumors on US dollar rate reaching LE40
December 10, 2022
Finance Ministry refutes rumors on US dollar rate reaching LE40
During a phone-in with Sada al-Balad channel on Thursday, Maait touched on rumors on social media regarding the rise in…
US dollar price rises in Egypt on Thursday’s mid-trading
December 8, 2022
US dollar price rises in Egypt on Thursday’s mid-trading
On Thursday December 8, the price of the US dollar rose against the Egyptian pound. This is the case in…
MP calls on govt to clarify plans about floating the Egyptian pound
December 8, 2022
MP calls on govt to clarify plans about floating the Egyptian pound
Member of the Egyptian Parliament, Amira Abu Shaqqa, called on the Ministry of Industry and Trade to draw up a…
New flotation of Egyptian pound not possible: MP
December 7, 2022
New flotation of Egyptian pound not possible: MP
The Egyptian pound has already been floated, a measure that will continue for four years, said the Chairman of the…
Gold prices to continue rising during coming period: official
December 6, 2022
Gold prices to continue rising during coming period: official
The head of the General Division for Gold and Jewelry at the Federation of Egyptian Chambers of Commerce Hani Milad…
CBE to receive billion dollars from RSF in January
December 4, 2022
CBE to receive billion dollars from RSF in January
Informed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently…