Economy

Expectations of unprecedented inflation in Egypt

Expectations of unprecedented inflation in Egypt

The head of Egypt’s sovereign wealth fund Ayman Soliman said that Egypt’s inflation, which has accelerated to record levels, has…
Dollar price in Egypt rises to LE48 up from LE42 last week

Dollar price in Egypt rises to LE48 up from LE42 last week

The price of the dollar rose against the Egyptian pound by at least five pounds, exceeding LE47 according to the…
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?

What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?

For the second time in six months, Fitch Ratings on Friday moved to reduce Egypt’s sovereign rating for long-term debt…
Egypt implements new gasoline prices on Friday

Egypt implements new gasoline prices on Friday

Egypt’s Automatic Pricing Committee for Petroleum Products has moved to increase the prices of all types of gasoline. The decision…
CBE offers new instructions of credit cards outside Egypt

CBE offers new instructions of credit cards outside Egypt

The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of overcoming any…
CBE offers new instructions to facilitate use of credit cards outside Egypt

CBE offers new instructions to facilitate use of credit cards outside Egypt

The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of…
Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘

Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘

Global rating agency Standard & Poor’s on Friday downgraded Egypt’s long-term sovereign rating to “B-” from “B” – indicating increased…
Banking expert explains CBE’s new decision on usage of credit cards abroad

Banking expert explains CBE’s new decision on usage of credit cards abroad

Banking expert Mohamed Abdel-al explained that the Central Bank of Egypt’s decision to activate the maximum credit limit granted to…
US dollar price stabilizes on Tuesday in Egypt

US dollar price stabilizes on Tuesday in Egypt

The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, at the Central Bank of…
Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan

Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan

Egypt has become the first nation in the Middle East and Africa to issue sustainable international “panda bonds” on the…
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