Business
Why is the US dollar rising in Egypt?
November 8, 2024
Why is the US dollar rising in Egypt?
Economists have attributed the recent rise in the US dollar against the Egyptian pound to a combination of domestic and…
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
November 7, 2024
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt…
Central Bank of Egypt announces increase in foreign reserves to $46.94 billion
November 7, 2024
Central Bank of Egypt announces increase in foreign reserves to $46.94 billion
The Central Bank announced an increase in net foreign reserves to US$46.94 billion at the end of October, compared to…
Here are the InstaPay withdrawal limits following the CBE’s recent decision
November 6, 2024
Here are the InstaPay withdrawal limits following the CBE’s recent decision
The Central Bank of Egypt announced amending the maximum daily and monthly transactions and the maximum single transaction on the…
US dollar exchange rate rises in 10 Egyptian banks
November 5, 2024
US dollar exchange rate rises in 10 Egyptian banks
The US dollar exchange rate continued to rise against the Egyptian pound on Tuesday in 10 banks, officially exceeding the…
Egypt seeks to raise trade exchange with Turkey to US$15 billion annually
November 5, 2024
Egypt seeks to raise trade exchange with Turkey to US$15 billion annually
Government officials in Egypt and Turkey are aiming to enhance cooperation and raise the volume of trade exchange between the…
Egypt desires for IMF’s work not to impose additional burdens on citizens: Prime Minister
November 4, 2024
Egypt desires for IMF’s work not to impose additional burdens on citizens: Prime Minister
Egyptian Prime Minister Mostafa Madbouly announced the start of implementing procedures for the fourth review of the International Monetary Fund’s…
Fitch upgrades Egypt’s credit rating to B with stable outlook
November 2, 2024
Fitch upgrades Egypt’s credit rating to B with stable outlook
Fitch Ratings upgraded Egypt’s credit rating from B- to B with a stable outlook. The credit rating agency said in…
Real estate bubble threatens Egypt’s market: Expert
November 1, 2024
Real estate bubble threatens Egypt’s market: Expert
Wael Enaba, a capital markets expert, has stated that there is currently a disagreement among experts and analysts regarding the…
Cabinet Approves Re-forming Committee For Managing Foreign Debt File
October 31, 2024
Cabinet Approves Re-forming Committee For Managing Foreign Debt File
The cabinet approved during its weekly meeting on Wednesday 30/10/2024 under Premier Mostafa Madbouly a draft cabinet decision on re-forming…