Economy

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,…
Banque Misr, NBE raise return on US dollar certificates

Banque Misr, NBE raise return on US dollar certificates

Banque Misr decided to raise the return on the new US dollar stability certificates for a period of three years,…
CIB official explains decision to increase fees on abroad ATM withdrawals

CIB official explains decision to increase fees on abroad ATM withdrawals

Several Egyptian banks on Wednesday increased fees for using payment and credit cards abroad from three percent to six percent,…
Egypt concludes 1st commercial deal within AFCFTA

Egypt concludes 1st commercial deal within AFCFTA

The Egyptian Minister of Trade and Industry Ahmed Samir announced that Egypt has concluded its first trade deal within the…
Sawiris plans to establish four new hotels in Egypt

Sawiris plans to establish four new hotels in Egypt

Egyptian billionaire Naguib Sawiris plans to establish four hotels in Egypt, with investments ranging between US$200 and $300 million through…
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