Business

NBE raises return on triple savings certificate to 19.5%

NBE raises return on triple savings certificate to 19.5%

The National Bank of Egypt launched the triple savings certificate with a variable return after raising the interest on it…
US dollar price in Egypt on Wednesday

US dollar price in Egypt on Wednesday

The US dollar price on Wednesday recorded at the Central Bank of Egypt LE30.8414 for purchase, and LE30.9386 for sale,…
US dollar price remains stable in Egypt

US dollar price remains stable in Egypt

The price of the US dollar continued to stabilize against the Egyptian pound on Monday at the Central Bank of…
TSFE among largest 50 Sovereign funds globally: Egypt’s presidency

TSFE among largest 50 Sovereign funds globally: Egypt’s presidency

The Spokesperson for the Egyptian Presidency Ahmad Fahmy announced Sunday that Egyptian President Abdel Fattah al-Sisi was briefed on the…
IMF to review Egypt’s reform program twice in September

IMF to review Egypt’s reform program twice in September

A former advisor to the International Monetary Fund (IMF) Fakhry al-Fiqi said Saturday that the second review to the Egyptian…
Egypt under review for downgrade by Moody’s for 3 months

Egypt under review for downgrade by Moody’s for 3 months

The Egyptian Ministry of Finance issued an urgent statement on Friday commenting on Moody’s, the global credit rating agency’s decision…
Financial performance indices of FY 2022/23 good despite global crises – Min.

Financial performance indices of FY 2022/23 good despite global crises – Min.

The financial performance indices of the fiscal year 2022-2023 were good despite the current global challenges and crises, Finance Minister…
India to invest $4 billion in production of green hydrogen in Egypt

India to invest $4 billion in production of green hydrogen in Egypt

India’s Ocior Energy company has signed contracts to invest four billion dollars into the production of green hydrogen in the…
Egypt’s gold reserves at $7.9 billion by the end of July: CBE

Egypt’s gold reserves at $7.9 billion by the end of July: CBE

The Central Bank of Egypt announced that the value of gold listed in foreign exchange reserves by the end of…
Now is a good time to buy gold, says Egyptian commerce official

Now is a good time to buy gold, says Egyptian commerce official

The head of the Jewelry and Gold Division at the Federation of Egyptian Chambers of Commerce Hany Milad announced Saturday…
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