Business
Standard & Poor’s raises its outlook for Egypt from stable to positive
March 19, 2024
Standard & Poor’s raises its outlook for Egypt from stable to positive
The Standard & Poor’s credit rating agency upgraded Egypt’s outlook from stable to positive, affirming its rating at B-. Standard…
EU to announce financial package for Egypt totaling 7.4 billion euros: Report
March 17, 2024
EU to announce financial package for Egypt totaling 7.4 billion euros: Report
The Financial Times reported that a large financial package from the European Union (EU) worth 7.4 billion euros may be…
Goldman Sachs expects surplus in foreign financing to Egypt
March 17, 2024
Goldman Sachs expects surplus in foreign financing to Egypt
The Goldman Sachs bank expects a surplus in foreign financing to Egypt worth US$26.5 billion over the next four years,…
Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies
March 16, 2024
Egypt’s government exchange companies earn LE 2.1 billion from foreign currencies
The branches of Al-Ahly Exchange, Misr Exchange, and Cairo Exchange, companies affiliated with the three largest government banks, reaped the…
US dollar exchange rate in Egypt stable on Thursday
March 14, 2024
US dollar exchange rate in Egypt stable on Thursday
The exchange rate of the US dollar price is witnessing a state of relative calm in Egyptian banks on Thursday,…
Moody’s changes rating for 5 Egyptian banks
March 13, 2024
Moody’s changes rating for 5 Egyptian banks
Credit rating agency Moody’s announced on Tuesday that it has changed the ratings and estimates of five internationally ranked Egyptian…
Germany pledges to make 258 million euros available to Egypt as debt swap: Minister
March 12, 2024
Germany pledges to make 258 million euros available to Egypt as debt swap: Minister
Egyptian Minister of International Cooperation Rania al-Mashat explained that Egyptian-German developmental cooperation is witnessing remarkable developments, enhancing Egypt’s developmental efforts…
Egypt awaits up to US$6 billion from the European Union
March 12, 2024
Egypt awaits up to US$6 billion from the European Union
Egypt expects to receive about five to six billion dollars (LE246 to LE296 billion) in funding from the European Union…
Visa and Western Union cooperate to transfer money across 40 countries
March 12, 2024
Visa and Western Union cooperate to transfer money across 40 countries
Visa announced the signing of a seven-year agreement with Western Union (WU), allowing WU customers to receive money from their…
Egyptian banks adjust withdrawals and purchases limits for cards abroad
March 10, 2024
Egyptian banks adjust withdrawals and purchases limits for cards abroad
Banks operating in the Egyptian market have begun raising credit card withdrawal limits following orders from the Central Bank of…