Business
US dollar price stabilizes on Tuesday in Egypt
October 17, 2023
US dollar price stabilizes on Tuesday in Egypt
The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, at the Central Bank of…
Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan
October 17, 2023
Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan
Egypt has become the first nation in the Middle East and Africa to issue sustainable international “panda bonds” on the…
Egypt’s gold prices decline on Monday
October 16, 2023
Egypt’s gold prices decline on Monday
Gold prices saw a noticeable decline on Monday during mid-trading. The most popular 21 carat gold fell by about LE30…
Maait: Geopolitics tensions led to rising cost of living
October 15, 2023
Maait: Geopolitics tensions led to rising cost of living
Finance Minister Mohamed Maait said the ministry is seeking to receive a realistic and analytical vision from international financial institutions…
Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024
October 14, 2023
Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024
Egypt’s Finance Ministry announced offering up 35 state-owned companies in 19 sectors on IPO from October 2023 to June 2024,…
Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister
October 13, 2023
Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister
Egypt aims to raise the ratio of taxes to the gross domestic product in accordance with international standards, Finance Minister…
Gold prices rise in Egypt on Tuesday
October 11, 2023
Gold prices rise in Egypt on Tuesday
Gold prices in Egypt recorded a new jump on Tuesday after a period of gradual decline. According to the “iSagha”…
IMF lowers growth forecast for Egyptian economy to 3.6%
October 10, 2023
IMF lowers growth forecast for Egyptian economy to 3.6%
The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6…
Egyptian banks suspend debit card usage abroad
October 10, 2023
Egyptian banks suspend debit card usage abroad
Banks across Egypt have suspended debit cards in Egyptian pounds abroad to stop the drain of foreign currencies. A large…
Commodity prices in Egypt to be reduced on Saturday at the latest: PM
October 9, 2023
Commodity prices in Egypt to be reduced on Saturday at the latest: PM
The prices of seven major groups of commodities will be reduced by rates ranging from 15 percent to 25 percent…