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Moody’s change to Egyptian economy outlook is a prelude to improved rating: Minister

Moody’s change to Egyptian economy outlook is a prelude to improved rating: Minister

Egyptian Finance Minister Mohamed Maait said that Moody’s changing the future outlook of the Egyptian economy from negative to positive…
Dollar rises against Egyptian pound following CBE’s devaluation of dollar exchange rate

Dollar rises against Egyptian pound following CBE’s devaluation of dollar exchange rate

The price of the dollar rose against the Egyptian pound on Wednesday morning in government and private banks, following several…
The value of Egyptian international bonds rises after the Central Bank’s decision: Reuters

The value of Egyptian international bonds rises after the Central Bank’s decision: Reuters

Egypt’s international bonds increased more than two cents following the Central Bank of Egypt‘s Wednesday decision to raise interest rates…
Egypt allows exchange rate to be determined by market mechanisms: CBE

Egypt allows exchange rate to be determined by market mechanisms: CBE

The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided on Wednesday to allow the exchange rate to…
Egypt plans to increase US dollar proceeds: Official

Egypt plans to increase US dollar proceeds: Official

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government has a plan to increase US dollar proceeds by raising investments…
Egypt sees significant decline in US dollar exchange rate at the black market

Egypt sees significant decline in US dollar exchange rate at the black market

The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to…
Fitch expects inflation rates in Egypt to decline on annual basis

Fitch expects inflation rates in Egypt to decline on annual basis

The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal

Egypt receives US$ 10 billion from Ras al-Hikma deal

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…
Central Bank of Egypt offers LE60 bln in Treasury bills

Central Bank of Egypt offers LE60 bln in Treasury bills

The Central Bank of Egypt (CBE) offered LE60 billion in Treasury bills on Thursday through two tenders. The first tender…
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi

Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi

Egypt has received the first tranche of funds pledged by the UAE from a total of $35 billion. President Abdel…
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