Economy
Saudi Arabia extends term of US$ 5 billion deposit for CBE
November 30, 2022
Saudi Arabia extends term of US$ 5 billion deposit for CBE
Saudi Arabia extended the term of a US$ 5 billion deposit with the Central Bank of Egypt, the Saudi Press…
Egypt says to receive US$1 billion from IMF loan soon
November 29, 2022
Egypt says to receive US$1 billion from IMF loan soon
Egyptian Finance Minister Mohamed Maait said that the loan agreed upon with the International Monetary Fund (IMF) amounting to about…
bp has been awarded new exploration blocks in Egypt’s Offshore Nile Delta
November 29, 2022
bp has been awarded new exploration blocks in Egypt’s Offshore Nile Delta
British Petroleum (bp) announced on Monday that it has been awarded two exploration blocks in the Mediterranean Sea, offshore Egypt…
US dollar price in Egypt on Monday
November 28, 2022
US dollar price in Egypt on Monday
On Monday, November 28, the price of the US dollar stabilized against the Egyptian pound, in most banks operating in…
Hani Genena reveals April as date of US dollar exchange rate stability
November 12, 2022
Hani Genena reveals April as date of US dollar exchange rate stability
Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came…
US dollar price rises in Egypt
November 8, 2022
US dollar price rises in Egypt
The average price of the US dollar on Tuesday at the Central Bank of Egypt, compared to Monday, increased by…
Egypt, UAE to establish mega wind energy project with capacity of 10 GW
November 8, 2022
Egypt, UAE to establish mega wind energy project with capacity of 10 GW
The President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, announced the signing of an agreement to establish one…
US dollar price stabilizes in Egypt on Monday
November 7, 2022
US dollar price stabilizes in Egypt on Monday
The price of the US dollar stabilized Monday, on the second working day for banks, after the Federal Reserve raised…
EU provides support of up to US$300 mln to Egypt’s start-up sector: Official
November 6, 2022
EU provides support of up to US$300 mln to Egypt’s start-up sector: Official
The Secretary-General of the Federation of Egyptian Chambers of Commerce (FEDCOC), and head of the Union for Euro-Mediterranean Business Organizations,…
Will CBE raise interest rate in next meeting?
November 4, 2022
Will CBE raise interest rate in next meeting?
An economic expert expects that the Central Bank of Egypt would not resort to raising the interest rate at the…