Economy

Fitch Solutions expects Egyptian economy growth to decline to 4.3%

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

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

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

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

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

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

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

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

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

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,…
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