Economy
Will Egyptian banks offer certificates with 20% interest rate soon?
October 29, 2022
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
October 27, 2022
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
October 27, 2022
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…
What does an index for the Egyptian pound mean?
October 26, 2022
What does an index for the Egyptian pound mean?
Economic and banking expert Ahmed Shawky said that issuing an index for the Egyptian pound is one of the most…
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
October 23, 2022
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
Standard & Poor’s affirmed Egypt’s rating at B/B with a stable outlook. In April, Moody’s credit rating agency decided to…
Egypt’s FRA participates in IOSCO’s meetings in Morocco
October 22, 2022
Egypt’s FRA participates in IOSCO’s meetings in Morocco
The Chairman of the Board of Directors of the Financial Regulatory Authority (FRA), Mohamed Farid, participated in the meeting of…
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…