Economy
Fitch Solutions expects Egyptian economy growth to decline to 4.3%
October 22, 2022
Fitch Solutions expects Egyptian economy growth to decline to 4.3%
Fitch Solutions, a research company of Fitch Ratings Agency, expects a slowdown in the growth of economic activity in Egypt…
IMF loan to not solve economic crisis in Egypt radically: economist
October 20, 2022
IMF loan to not solve economic crisis in Egypt radically: economist
The IMF loan will not radically solve the economic crisis in Egypt, Hisham Badawy, an economist, stressed, adding that rationalizing…
Eastern Mediterranean can backup energy security in Europe: Egyptian minister
October 16, 2022
Eastern Mediterranean can backup energy security in Europe: Egyptian minister
The Egyptian Minister of Petroleum and Mineral Resources, Tarek al-Mulla, said that natural gas reserves in the eastern Mediterranean can…
CBE responds to rise in US dollar exchange rate
October 15, 2022
CBE responds to rise in US dollar exchange rate
The Central Bank of Egypt (CBE) issued analysis showed that the US dollar index rose globally by 0.60 percent, benefiting…
Banking expert expects future inflation rates for the coming period
October 12, 2022
Banking expert expects future inflation rates for the coming period
Banking expert Ramzi al-Jarm said that the rise in inflation rates in September to its highest level in four years…
Annual consumer price inflation records highest level in 4 years: CAPMAS
October 10, 2022
Annual consumer price inflation records highest level in 4 years: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) data showed on Monday that the annual consumer price inflation in…
Topped by Sawiris, Arab billionaires exposed to huge losses in 2022: Forbes
October 10, 2022
Topped by Sawiris, Arab billionaires exposed to huge losses in 2022: Forbes
During the past seven months of 2022, eight Arab billionaires have experienced a combined loss of about US$ 2.9 billion.…
CBE launches 2022-2025 financial inclusion strategy
October 10, 2022
CBE launches 2022-2025 financial inclusion strategy
The Central Bank of Egypt on Sunday announced its financial inclusion strategy (2022-2025), which aims to enhance the financial inclusion…
Expert explains reasons for raising interest rates on US dollar certificates
October 10, 2022
Expert explains reasons for raising interest rates on US dollar certificates
Economic expert and lecturer at the American University in Cairo, Hani Genena, said that the main reason for Egyptian banks…
Egypt to establish global logistics zone in Aswan: Governor
October 9, 2022
Egypt to establish global logistics zone in Aswan: Governor
Aswan Governor Ashraf Attia announced that his governorate is working to establish a global logistics zone to become a commercial,…