Business
Egypt calls for restructuring debts of middle and low-income countries
October 26, 2024
Egypt calls for restructuring debts of middle and low-income countries
Egypt called on the international community to restructure the debts of middle and low-income countries, and use the debt swap…
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
October 25, 2024
Egypt to save $800 million from IMF fee cuts: Managing Director Kristalina Georgieva
Egypt stands to gain $800 million in savings by 2030 thanks to the International Monetary Fund’s recent decision to adjust…
Egyptian pound continues to weaken as dollar price rises in 9 major banks
October 24, 2024
Egyptian pound continues to weaken as dollar price rises in 9 major banks
The Egyptian pound continued to lose ground against the US dollar, with the greenback’s price increasing in nine major Egyptian…
President Sisi orders revision to Egypt’s program with the IMF
October 21, 2024
President Sisi orders revision to Egypt’s program with the IMF
Egyptian President Abdel Fattah al-Sisi called on the government to review Egypt’s program with the International Monetary Fund (IMF) in…
Standard & Poor’s affirms Egypt’s economy rating and outlook
October 19, 2024
Standard & Poor’s affirms Egypt’s economy rating and outlook
The Standard & Poor’s credit rating agency affirmed its outlook for the Egyptian economy at positive, while maintaining its debt…
Central Bank of Egypt modifies transaction limits on InstaPay application
October 18, 2024
Central Bank of Egypt modifies transaction limits on InstaPay application
The Central Bank of Egypt (CBE) announced on its website that the maximum limits through applications of approved service providers,…
US Dollar rises against Egyptian pound at some Egyptian banks
October 17, 2024
US Dollar rises against Egyptian pound at some Egyptian banks
The US dollar price increased on Thursday against the Egyptian pound in some banks. The US dollar price was recorded…
New agreements expected to skyrocket Saudi Arabia’s total private sector investments in Egypt to $50 billion
October 17, 2024
New agreements expected to skyrocket Saudi Arabia’s total private sector investments in Egypt to $50 billion
The visit of Saudi Crown Prince Mohammed bin Salman to Cairo on Tuesday has spurred the private sector in the…
For 15 days, Egyptian banks open accounts for free without a minimum
October 16, 2024
For 15 days, Egyptian banks open accounts for free without a minimum
The Central Bank of Egypt (CBE) announced opening accounts in banks operating in the local market for free and without…
In a first, Egyptian companies to deliver natural gas to homes in Europe
October 12, 2024
In a first, Egyptian companies to deliver natural gas to homes in Europe
The Egyptian Petroleum Sector, represented by the Egyptian Natural Gas Distribution Company for Cities (Town Gas), has signed contracts to…