Business
National Bank of Egypt raises credit card usage limits for customers inside and outside Egypt
May 17, 2024
National Bank of Egypt raises credit card usage limits for customers inside and outside Egypt
The National Bank of Egypt (NBE) has decided to raise the credit card usage limits for existing customers inside and…
Cabinet: Positive Economic Expectations From Int’l Institutions For 2024-2025
May 16, 2024
Cabinet: Positive Economic Expectations From Int’l Institutions For 2024-2025
Economic measures recently taken by the government have contributed to meeting internal challenges and mitigate the repercussions of the surrounding…
Egypt’s annual inflation rate falls to 31.8% in April: CAPMAS
May 9, 2024
Egypt’s annual inflation rate falls to 31.8% in April: CAPMAS
Egypt’s annual urban consumer price inflation slowed further in April to 32.5 percent on a year-on-year basis, down from 33.3…
Boycott cuts Americana’s 2024 Q1 profits in Half
May 9, 2024
Boycott cuts Americana’s 2024 Q1 profits in Half
Americana Restaurants International PLC (“Americana Restaurants”) announced its financial results for the first quarter of 2024, highlighting a decline in…
National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt
May 7, 2024
National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt
Rapporteur of the Investment Committee at the National Dialogue Samir Sabri said Fitch Ratings on Egypt indicate the Egyptian economy…
Egypt launches its first specialized industrial investment fund
May 2, 2024
Egypt launches its first specialized industrial investment fund
The Egyptian National Industry Development Initiative (EIDI) announced the launch of the “Nile Industrial Investment Fund,” the nation’s first specialized…
Egypt launches its first ever digital bank
May 2, 2024
Egypt launches its first ever digital bank
Banque Misr through its subsidiary Misr Digital Innovation has obtained a license from the Central Bank of Egypt to launch…
Egypt collects US$12 billion in revenues from Ras al-Hikma
May 1, 2024
Egypt collects US$12 billion in revenues from Ras al-Hikma
Egyptian Finance Minister Mohamed Maait announced on Tuesday that Egypt has received about US$12 billion in revenues from the Ras…
Egypt to receive US$230 million from Japan to support budget
May 1, 2024
Egypt to receive US$230 million from Japan to support budget
The Egyptian government has reached an agreement with Japan to receive funds of US$230 million to support the state’s budget,…
Dollar exchange rate stable at start of Sunday’s transactions
April 29, 2024
Dollar exchange rate stable at start of Sunday’s transactions
The dollar exchange rate was stable at the start of Sunday’s transactions at Egypt’s major banks. At the National Bank…