Business
US dollar exchange rate against Egyptian pound at Egypt’s major banks
January 3, 2025
US dollar exchange rate against Egyptian pound at Egypt’s major banks
The US dollar exchange rate against the Egyptian pound remained stable on Friday, across 17 local banks, holding at the…
5 reasons to be optimistic about the 2025 economy
January 2, 2025
5 reasons to be optimistic about the 2025 economy
New York CNN — The world faces a plethora of serious problems entering 2025. The US economy is not one…
Banks in Egypt close on Wednesday, resume work on Thursday
January 1, 2025
Banks in Egypt close on Wednesday, resume work on Thursday
The Central Bank of Egypt (CBE) announced that all banks operating in Egypt are closed on Wednesday, January 1, due…
CBE extends exemption for individuals on transfer fees via InstaPay
December 31, 2024
CBE extends exemption for individuals on transfer fees via InstaPay
The Board of Directors of the Central Bank of Egypt issued several decisions that include extending the exemption of customers…
US dollar exchange rate in Egypt remains stable on Saturday
December 28, 2024
US dollar exchange rate in Egypt remains stable on Saturday
The US dollar exchange rate against the Egyptian pound remained stable in banks on Saturday. The greenback maintained its latest…
US dollar exchange rate against Egyptian pound at major banks on Friday
December 27, 2024
US dollar exchange rate against Egyptian pound at major banks on Friday
On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected…
US dollar and Arab currencies weaken slightly against Egyptian Pound
December 26, 2024
US dollar and Arab currencies weaken slightly against Egyptian Pound
The US dollar experienced a minor dip on Thursday, during mid-day trading at the National Bank of Egypt (NBE). Both…
Valu issues LE 10 billion securitization bonds
December 25, 2024
Valu issues LE 10 billion securitization bonds
The financial services technology platform Valu announced on Tuesday the completion of the 13th securitization bond issuance worth LE519.2 million,…
Remittances from Egyptian expats at US$23.7 billion from January to October: CBE
December 25, 2024
Remittances from Egyptian expats at US$23.7 billion from January to October: CBE
The Remittances of Egyptians working abroad has achieved successive leaps following the reform measures in March, increasing during October by…
Egypt to be among the largest economies in the world by 2075: Report
December 24, 2024
Egypt to be among the largest economies in the world by 2075: Report
A recent economic report monitoring the conditions of several African countries predicts that Egypt will become among the largest economies…