Economy
CBE raises required reserve ratio from 14% to 18%
September 25, 2022
CBE raises required reserve ratio from 14% to 18%
The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to…
Why will Egypt mint LE2 coins?
September 16, 2022
Why will Egypt mint LE2 coins?
The government aims to localize the metal industries with the latest international expertise to transform Egypt into a regional hub…
US dollar price stabilizes in Egypt on Wednesday
September 14, 2022
US dollar price stabilizes in Egypt on Wednesday
The US dollar exchange rates stabilized in Egyptian banks on Wednesday, September 14, 2022, against the Egyptian pound. Suez…
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS
September 13, 2022
Egypt sees US$3.75 billion trade balance deficit during June 2022: CAPMAS
The Central Agency for Public Mobilization and Statistics announced a decrease in the value of the trade balance deficit to…
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company
September 10, 2022
After fleeing with US$33 million, Noah brothers isolated from Egyptian Capiter company
The Board of Directors of Capiter Holding Company – the Egyptian company specialized in the field of electronic commerce –…
Net foreign reserves record $33.141 bln at end of August
September 8, 2022
Net foreign reserves record $33.141 bln at end of August
The net foreign reserves recorded US$33.141 billion at the end of August 2022, the Central Bank of Egypt announced. The…
Qatar reportedly buying a stake in Egypt’s largest telecom company
September 6, 2022
Qatar reportedly buying a stake in Egypt’s largest telecom company
A Bloomberg report revealed that the Qatar Investment Authority is negotiating with the government-owned Telecom Egypt to buy a stake…
Recent finance minister’s decisions to temporarily return goods to market
September 1, 2022
Recent finance minister’s decisions to temporarily return goods to market
The Egyptian market is thirsty for many products, but the recent measures give an indication and hope that many goods…
Foreign currencies exchange rate against Egyptian pound on Wednesday
August 31, 2022
Foreign currencies exchange rate against Egyptian pound on Wednesday
Wednesday’s exchange rates for foreign currencies at the Central Bank of Egypt (CBE) are as follows: The US dollar is…
US dollar exchange rate continues to soar against Egyptian pound
August 31, 2022
US dollar exchange rate continues to soar against Egyptian pound
The US dollar exchange rates witness a slight rise in Egyptian banks on Wednesday: The US dollar against the Egyptian…