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A leap not seen in a year: How much did Egyptian expat remittances reach from January-September 2024?

A leap not seen in a year: How much did Egyptian expat remittances reach from January-September 2024?

Remittances from Egyptians working abroad have seen successive leaps since the implementation of the reform measures in March 2024. In…
US dollar exchange rate against Egyptian pound at major banks

US dollar exchange rate against Egyptian pound at major banks

As of Sunday, the Egyptian Pound has maintained its stability against the US Dollar at the beginning of banking transactions.…
New tax plan – Egypt agrees to 10 new IMF conditions

New tax plan – Egypt agrees to 10 new IMF conditions

A mission from the International Monetary Fund (IMF), led by Ivana Vladkova Hollar, issued a statement at the conclusion of…
CBE maintains overnight deposit and lending rates

CBE maintains overnight deposit and lending rates

The Monetary Policy Committee of the Central Bank of Egypt decided in its meeting on Thursday to maintain the overnight…
US dollar exchange rate across Egypt’s banks on Tuesday

US dollar exchange rate across Egypt’s banks on Tuesday

The US dollar exchange rate against Egypt pound witnessed a state of stability at the beginning of trading on Tuesday…
Bourse indexes down at close of Sunday’s trading session

Bourse indexes down at close of Sunday’s trading session

CAIRO, Nov 17 (MENA) – Egyptian Exchange (EGX) indexes went down at the close of trading on Sunday. The capital…
US dollar exchange rate against Egyptian pound at Egypt’s major banks on Sunday

US dollar exchange rate against Egyptian pound at Egypt’s major banks on Sunday

The US dollar exchange rate against the Egyptian pound remained stable at the beginning of trading on Sunday. The greenback…
Nasr Company for Automobiles restarts production after a 15-year hiatus

Nasr Company for Automobiles restarts production after a 15-year hiatus

Prime Minister Mostafa Madbouly witnessed the inauguration of the bus manufacturing plant at the Nasr Company for Automobiles, affiliated with…
Egypt sets annual cap for government debt after doubling in recent years

Egypt sets annual cap for government debt after doubling in recent years

The Egyptian Cabinet on its weekly meeting on Thursday approved the activation of the Unified Public Finance Law to set…
Egypt’s Prime Minister denies rumors on increasing loan from IMF

Egypt’s Prime Minister denies rumors on increasing loan from IMF

Egyptian Prime Minister Mostafa Madbouly on Thursday denied claims that the government had asked the International Monetary Fund (IMF) to…
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