Economy

US dollar exchange rate skyrockets on Friday

US dollar exchange rate skyrockets on Friday

The price of the US dollar jumped during the past days, after the Central Bank of Egypt raised the interest…
Gold price drops on Wednesday

Gold price drops on Wednesday

The price of gold on Wednesday fell by LE2 per gram in conjunction with the rise in the price of…
Increase in rebar prices, factories not selling

Increase in rebar prices, factories not selling

Ahmed al-Zainy, Chairman of the Building Materials Division, at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that there…
Egypt’s energy sector expected to generate over US19 billions in revenues

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

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

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

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?

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

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

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…
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