Economy
Know your InstaPay limits: Central Bank announces new rules
September 15, 2024
Know your InstaPay limits: Central Bank announces new rules
The Central Bank of Egypt (CBE) has increased the daily and monthly spending limits for digital payments made using apps…
Global gold prices witness historic hike on Friday
September 14, 2024
Global gold prices witness historic hike on Friday
Global gold prices hit new record levels on Friday, as gold futures rose by one percent to reach US$2,606 per…
Egypt to launch new package of tax facilities aimed at improving issues
September 11, 2024
Egypt to launch new package of tax facilities aimed at improving issues
Egyptian Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk will hold a press conference on Wednesday to announce a…
Egypt’s annual core inflation rate rises to 25.1% by end of August
September 11, 2024
Egypt’s annual core inflation rate rises to 25.1% by end of August
The Central Bank of Egypt (CBE) announced an increase in the annual core inflation rate to reach 25.1 percent in…
CBE announces 87% increase in remittances of Egyptians working abroad
September 10, 2024
CBE announces 87% increase in remittances of Egyptians working abroad
The Central Bank of Egypt (CBE) announced an 86.8 percent increase in remittances of Egyptians working abroad during July, for…
Egyptian banks increase withdrawal limit for travelers abroad
September 10, 2024
Egyptian banks increase withdrawal limit for travelers abroad
The Chairman of the Board of Directors of Banque Misr and Chairman of the Federation of Egyptian Banks, Mohamed al-Etreby,…
Egypt and China sign contracts worth $1 billion
September 7, 2024
Egypt and China sign contracts worth $1 billion
Egyptian Prime Minister Mostafa Madbouly on Friday witnessed a billion dollar project signing ceremony in the Chinese capital Beijing, on…
Economic indicators improve, Central Bank decides to keep rates steady
September 6, 2024
Economic indicators improve, Central Bank decides to keep rates steady
The Central Bank of Egypt has forecast a recovery in the country’s Gross Domestic Product (GDP) in the near future.…
Drop in US dollar exchange rate at Egypt banks
September 3, 2024
Drop in US dollar exchange rate at Egypt banks
The US dollar exchange rate saw noticeable stability on Tuesday against the Egyptian pound, after the dollar price decreased against…
Egypt welcomes Black & Decker’s first factory in MENA region
August 30, 2024
Egypt welcomes Black & Decker’s first factory in MENA region
Hussam Heiba, CEO of the General Authority for Investment and Free Zones, and a delegation from the American company Black…