Business
Maait: Up to LE768 bn transferred to social insurance authority in 52 months
November 26, 2023
Maait: Up to LE768 bn transferred to social insurance authority in 52 months
Finance Minister Mohamed Maait asserted the state budget allocated more than LE768 billion to the National Authority for Social Insurance,…
CBE launches cash withdrawal from ATMs for InstaPay users soon
November 25, 2023
CBE launches cash withdrawal from ATMs for InstaPay users soon
The Deputy Assistant Governor of the Central Bank of Egypt for Banking Operations and Payment Systems Ehab Nasr, announced on…
CBE reveals number of InstaPay users & volume of Egyptian transactions
November 22, 2023
CBE reveals number of InstaPay users & volume of Egyptian transactions
The Assistant Deputy Governor for Payment Systems and Services at the Central Bank of Egypt (CBE) Ehab Nasr, announced that…
Egypt, Saudi Arabia mull over trade exchange in local currencies
November 21, 2023
Egypt, Saudi Arabia mull over trade exchange in local currencies
Egypt and Saudi Arabia are considering the possibility of using local currencies in part of their trade exchange during the…
Saudi Arabia’s FAS Real Estate to invest US$1.5 billion in Egypt during 2024
November 20, 2023
Saudi Arabia’s FAS Real Estate to invest US$1.5 billion in Egypt during 2024
Saudi Arabia’s FAS Investment and Real Estate Development, a subsidiary of the Saudi Fawaz Al Hokair Group, aims to pump…
Central Bank of Egypt issues treasury bills worth LE 3 billion
November 15, 2023
Central Bank of Egypt issues treasury bills worth LE 3 billion
The Central Bank of Egypt on Monday launched treasury bills with fixed and variable returns at a total value of…
Egypt mulls barter trade with other countries: Official
November 13, 2023
Egypt mulls barter trade with other countries: Official
The Head of the Environmental Compliance and Sustainable Development Office at the Federation of Egyptian Industries Sherif al-Gabaly revealed on…
Expectations of unprecedented inflation in Egypt
November 10, 2023
Expectations of unprecedented inflation in Egypt
The head of Egypt’s sovereign wealth fund Ayman Soliman said that Egypt’s inflation, which has accelerated to record levels, has…
Dollar price in Egypt rises to LE48 up from LE42 last week
November 8, 2023
Dollar price in Egypt rises to LE48 up from LE42 last week
The price of the dollar rose against the Egyptian pound by at least five pounds, exceeding LE47 according to the…
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?
November 5, 2023
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?
For the second time in six months, Fitch Ratings on Friday moved to reduce Egypt’s sovereign rating for long-term debt…