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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…
Egypt’s balance of gold in foreign reserves at US$ 11 billion

Egypt’s balance of gold in foreign reserves at US$ 11 billion

The Central Bank of Egypt (CBE) announced on Monday that the balance of gold in Egypt’s foreign reserves rose to…
Egypt pays US$1 billion in foreign oil companies’ dues

Egypt pays US$1 billion in foreign oil companies’ dues

A government source said on Sunday that Egypt has paid one billion dollars in overdue dues to foreign oil companies…
IMF will not impose conditions on Egypt over subsidizing: Minister

IMF will not impose conditions on Egypt over subsidizing: Minister

Egyptian Minister of Supply and Internal Trade Sherif Farouk told Al-Masry Al-Youm, on the sidelines of the annual conference of…
Egypt, UAE begin agreements including development of Hamra Port

Egypt, UAE begin agreements including development of Hamra Port

Egyptian Ministry of Petroleum and Mineral Resources and the government of the Fujairah Emirate in the UAE began implementing the…
Why is the US dollar rising in Egypt?

Why is the US dollar rising in Egypt?

Economists have attributed the recent rise in the US dollar against the Egyptian pound to a combination of domestic and…
No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson

No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson

Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt…
Central Bank of Egypt announces increase in foreign reserves to $46.94 billion

Central Bank of Egypt announces increase in foreign reserves to $46.94 billion

The Central Bank announced an increase in net foreign reserves to US$46.94 billion at the end of October, compared to…
Here are the InstaPay withdrawal limits following the CBE’s recent decision

Here are the InstaPay withdrawal limits following the CBE’s recent decision

The Central Bank of Egypt announced amending the maximum daily and monthly transactions and the maximum single transaction on the…
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