Business
Egypt responds to Moody’s changing its future outlook to negative
January 20, 2024
Egypt responds to Moody’s changing its future outlook to negative
Egypt’s Finance Ministry assured that the government is working to manage macroeconomic risks with flexibility to contain successive external shocks,…
‘A tough new year for Egypt’ – Moody’s expects significant economic pressures
January 18, 2024
‘A tough new year for Egypt’ – Moody’s expects significant economic pressures
The Moody’s credit rating agency anticipates that Egypt will face significant pressures in 2024 for both debt and financial liquidity.…
Dollar rates stable at start of Monday’s transactions in Egypt’s major banks
January 16, 2024
Dollar rates stable at start of Monday’s transactions in Egypt’s major banks
CAIRO, Jan 15 (MENA) – The dollar exchange rate was stable at the start of Monday’s transactions at Egypt’s major…
Dollar Rates Stable at Start of Sunday’s Transactions in Egypt’s Major Banks
January 15, 2024
Dollar Rates Stable at Start of Sunday’s Transactions in Egypt’s Major Banks
The dollar exchange rate was stable at the start of Sunday’s transactions, 14/1/2024, at Egypt’s major banks. At the National…
Egypt, IMF agreement on new loan might be accompanied with Egyptian pound devaluation
January 12, 2024
Egypt, IMF agreement on new loan might be accompanied with Egyptian pound devaluation
Capital Economics, an independent economic research business based in the UK, noted that Egypt’s agreement with the International Monetary Fund…
Proceeds of new CDs exceeded LE 32 billion in 3 days
January 9, 2024
Proceeds of new CDs exceeded LE 32 billion in 3 days
A banking source revealed that the proceeds of the new certificates of deposits at the National Bank of Egypt and…
Expert explains Egyptian state’s economic plans up to 2030, including US dollar exchange rate
January 8, 2024
Expert explains Egyptian state’s economic plans up to 2030, including US dollar exchange rate
The assistant to the Prime Minister and Head of the Information and Decision Support Center at the Egyptian Cabinet (IDSC),…
Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion
January 7, 2024
Proceeds from 1st day of Egyptian banks issuing CDs at LE11 billion
The proceeds of the new certificates of deposits, offered by the National Bank of Egypt and Banque Misr on Friday…
Why have NBE and Banque Misr introduced new CDs?
January 6, 2024
Why have NBE and Banque Misr introduced new CDs?
Economist Ashraf Ghorab explained the reasons behind why the National Bank of Egypt, and Banque Misr are offering two certificates…
Central Bank yet to announce flotation of Egyptian pound: MP
January 4, 2024
Central Bank yet to announce flotation of Egyptian pound: MP
Senate member Ahmed Samir said that the Central Bank of Egypt (CBE) has not officially announced the flotation of the…