Business
US dollar price stabilizes on Monday in Egypt
October 9, 2023
US dollar price stabilizes on Monday in Egypt
The price of the US dollar continued to stabilize against the Egyptian pound on Monday at the Central Bank of…
Moody’s downgrades Egypt’s rating to Caa1 with stable outlook
October 6, 2023
Moody’s downgrades Egypt’s rating to Caa1 with stable outlook
The Moody’s credit ratings agency on Thursday lowered Egypt’s rating from B3 to Caa1, with a stable outlook. Moody’s attributed…
Egypt to see significant decrease in prices of 9 basic commodities soon: Official
October 5, 2023
Egypt to see significant decrease in prices of 9 basic commodities soon: Official
The Secretary General of the Federation of Chambers of Commerce, Alaa Ezz, announced a significant decrease in the prices of…
How to open a US dollar account in Egypt’s banks
October 4, 2023
How to open a US dollar account in Egypt’s banks
Opening an account in the US dollar is a service that government and private banks provide to enable their customers…
US dollar price stabilizes on Tuesday
October 3, 2023
US dollar price stabilizes on Tuesday
The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, October 3, at the Central…
AAIB launches savings certificate with highest investment return among banks
October 2, 2023
AAIB launches savings certificate with highest investment return among banks
The Arab African International Bank launched a new savings certificate with the highest investment return in the banking market, the…
Currency exchange between Egypt, China and UAE to start in 2024
October 1, 2023
Currency exchange between Egypt, China and UAE to start in 2024
The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
How will Egypt benefit from the currency swap agreement with UAE?
September 29, 2023
How will Egypt benefit from the currency swap agreement with UAE?
Economists have touched on the various advantages the Egyptian economy may receive from the currency swap agreement signed on Thursday…
Egyptian businessmen, Japanese officials discuss cooperation
September 27, 2023
Egyptian businessmen, Japanese officials discuss cooperation
The Tourism Committee of the Egyptian Businessmen Association held a public symposium with the Japanese ambassador to Cairo, Oka Hiroshi,…
Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt
September 26, 2023
Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt
The Italian Ambassador to Cairo, Michele Quaroni, announced on Sunday that Italy has cancelled US$100 million of debts owed by…