Business

CBE’s foreign exchange reserves rises to record level by end of May

CBE’s foreign exchange reserves rises to record level by end of May

The Central Bank of Egypt (CBE) revealed an increase in the balances of gold listed in the foreign exchange reserve…
GAFI CEO says diversity of economy, investment systems protect Egypt against future risks

GAFI CEO says diversity of economy, investment systems protect Egypt against future risks

CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Monday that the diversity of Egyptian…
Is Egypt preparing to impose new taxes?

Is Egypt preparing to impose new taxes?

Egyptian Finance Minister Mohamed Maait said that the “2024/2030 tax policy document” is still under study and the government has…
InstaPay introduces new feature for easier money transfer

InstaPay introduces new feature for easier money transfer

The InstaPay application on Sunday has launched a new update for several of its services, allowing for instant money transfers…
Banks across Egypt offering CDs up to 30% per month

Banks across Egypt offering CDs up to 30% per month

Several banks operating in Egypt have recently launched Certificate of Deposits with lucrative monthly and annual returns. Here are the…
Egyptian Stock Exchange registers record gains in May 2024, main index jumps 10.12 percent

Egyptian Stock Exchange registers record gains in May 2024, main index jumps 10.12 percent

The Egyptian Stock Exchange achieved record gains in May 2024, supported by strong purchases of stocks in many sectors against…
National Bank of Egypt launches instant international remittance transfer service

National Bank of Egypt launches instant international remittance transfer service

The National Bank of Egypt (NBE) announced on Thursday the launch of a new service for the instant reception of…
CBE Governor Leads Egypt’s Delegation To Annual Meetings of AfDB

CBE Governor Leads Egypt’s Delegation To Annual Meetings of AfDB

Governor of the Central Bank of Egypt (CBE) and Egypt’s Governor to the African Development Bank (AfDB) Group Hassan Abdullah…
Egypt to lift fuel subsidies within 4 years: Official

Egypt to lift fuel subsidies within 4 years: Official

Egyptian Cabinet spokesperson Mohamed al-Hommosany announced that the government has devised a plan to gradually lift electricity subsidies within four…
Video: Egypt to increase prices of bread, electricity and petroleum products

Video: Egypt to increase prices of bread, electricity and petroleum products

Egyptian Prime Minister Mostafa Madbouly held a press conference on Monday, on the sidelines of his tour to inspect agricultural,…
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