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Fitch Solutions warns of high inflation rates in Egypt

Fitch Solutions warns of high inflation rates in Egypt

Inflation remains a major concern for Egyptians and will lead to a sharp rise in borrowing costs, warned Fitch Solutions,…
Foreign currency ratings on Monday at NBE

Foreign currency ratings on Monday at NBE

On Monday, the last working day for banks in Egypt before the Eid Al-Adha holiday, the prices of many foreign…
US dollar price stabilizes throughout Egypt on Friday morning

US dollar price stabilizes throughout Egypt on Friday morning

The US dollar stabilized against the Egyptian pound on Friday, with the following prices: Central Bank of Egypt LE 30.83…
Will gold prices continue to drop or regain strength after Eid al-Adha?

Will gold prices continue to drop or regain strength after Eid al-Adha?

An unknown rise in gold prices came before the last Eid al-Fitr holiday, until Prime Minister Mostafa Madbouly met with…
Egypt officially requests joining BRICS: Russian ambassador

Egypt officially requests joining BRICS: Russian ambassador

Egypt has submitted an official request to join the BRICS economic group, the Russian ambassador to Cairo Georgy Borisenko, announced…
Russia, Egypt to conduct transactions in national currencies: Russian official

Russia, Egypt to conduct transactions in national currencies: Russian official

Russia and Egypt are set to conduct transactions in national currencies, with Moscow in talks on the matter inAbu Dhabi…
US dollar price in Egypt remains stable on Thursday

US dollar price in Egypt remains stable on Thursday

The price of the US dollar continued to stabilize on Thursday in Egyptian government and private banks, including the Central…
Panda bonds may be solution to reduce pressure on US dollar demand in Egypt: Economist

Panda bonds may be solution to reduce pressure on US dollar demand in Egypt: Economist

China has the highest economic growth rate and expansion around the world, Egyptian economist Ahmed Khattab, said, with many nations…
Egypt’s annual inflation rises to 32.7% in May

Egypt’s annual inflation rises to 32.7% in May

The annual inflation rate in Egypt rose to 32.7 percent in May, from 30.6 percent in April, according to data…
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