Economy
CBE raises interest rates by 100 basis points
August 4, 2023
CBE raises interest rates by 100 basis points
The Monetary Policy Committee of the Central Bank of Egypt during its Thursday meeting raised overnight interest rates by 100…
Vice President of NBE reveals details of new US dollar certificates
July 26, 2023
Vice President of NBE reveals details of new US dollar certificates
The National Bank of Egypt on Wednesday began issuing two new certificates of deposit (CDs) in US dollars for a…
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
July 25, 2023
IMF remarks on Egypt’s economy remain positive despite challenges: FEDCOC
The treasurer of the Federation of Egyptian Chambers of Commerce (FEDCOC), Mohamed al-Fayoumi, said on Monday that the recent statements…
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
July 19, 2023
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
The Information and Decision Support Center of the Egyptian Cabinet issued a report where it predicted a rise in Egypt’s…
IMF welcomes outcomes of Egypt government IPO program
July 17, 2023
IMF welcomes outcomes of Egypt government IPO program
The International Monetary Fund‘s spokesperson Julie Kozack welcomed the Egyptian government’s announcement that it had signed contracts to sell stakes…
Egypt’s government is not doing enough to curb inflation: Expert
July 11, 2023
Egypt’s government is not doing enough to curb inflation: Expert
Economic expert Mostafa Badra said on Monday that the Egyptian government is not doing enough to confront high inflation at…
Will Egypt raise key interest rates?
July 11, 2023
Will Egypt raise key interest rates?
Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal…
Inflation in Egypt rises to its highest rate ever
July 10, 2023
Inflation in Egypt rises to its highest rate ever
The annual consumer price inflation in Egyptian cities rose from 32.7 percent in May to 35.7 percent in June, its…
Egypt, UN cooperate in green and smart projects initiative
July 9, 2023
Egypt, UN cooperate in green and smart projects initiative
The coordinator of the National Initiative for Green and Smart Projects in Egypt Hesham Badr met with the UN Women’s…
Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
July 8, 2023
Foreign exchange reserves increase to US$34.806 billion: Central Bank of Egypt
The balance of foreign exchange reserves increased to US$ 34.806 billion by the end of June, compared to US$ 34.660…