Economy

Know your InstaPay limits: Central Bank announces new rules

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

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

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

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

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

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

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

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

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

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…
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