Business
Egypt looks forward to positive consultations with IMF mission: Minister
October 28, 2024
Egypt looks forward to positive consultations with IMF mission: Minister
Minister of Finance Ahmed Kouchouk, concluded his participation in the annual meetings of the International Monetary Fund (IMF) and the…
Three alternatives to compensate for decline in Suez Canal revenues
October 28, 2024
Three alternatives to compensate for decline in Suez Canal revenues
The Chairman of the Board of Directors of the Commercial International Bank, Hesham Ezz al-Arab, said on Sunday that the…
China directly invests up to $8 billion in Egypt
October 27, 2024
China directly invests up to $8 billion in Egypt
The General Authority for Investment and Free Zones announced that Chinese companies in Egypt have been able to achieve tangible…
Egypt calls for restructuring debts of middle and low-income countries
October 26, 2024
Egypt calls for restructuring debts of middle and low-income countries
Egypt called on the international community to restructure the debts of middle and low-income countries, and use the debt swap…
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
October 25, 2024
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust…
Egyptian pound continues to weaken as dollar price rises in 9 major banks
October 24, 2024
Egyptian pound continues to weaken as dollar price rises in 9 major banks
The Egyptian pound continued to lose ground against the US dollar, with the greenback’s price increasing in nine major Egyptian…
President Sisi orders revision to Egypt’s program with the IMF
October 21, 2024
President Sisi orders revision to Egypt’s program with the IMF
Egyptian President Abdel Fattah al-Sisi called on the government to review Egypt’s program with the International Monetary Fund (IMF) in…
Standard & Poor’s affirms Egypt’s economy rating and outlook
October 19, 2024
Standard & Poor’s affirms Egypt’s economy rating and outlook
The Standard & Poor’s credit rating agency affirmed its outlook for the Egyptian economy at positive, while maintaining its debt…
Central Bank of Egypt modifies transaction limits on InstaPay application
October 18, 2024
Central Bank of Egypt modifies transaction limits on InstaPay application
The Central Bank of Egypt (CBE) announced on its website that the maximum limits through applications of approved service providers,…
US Dollar rises against Egyptian pound at some Egyptian banks
October 17, 2024
US Dollar rises against Egyptian pound at some Egyptian banks
The US dollar price increased on Thursday against the Egyptian pound in some banks. The US dollar price was recorded…