Business
Raising interest rates constitutes a burden on investment: Investor
February 4, 2024
Raising interest rates constitutes a burden on investment: Investor
The President of the Small and Medium Enterprises Investors Union and Vice President of the Investors Association, Alaa al-Sakaty, said…
Head of Egypt’s gold division reveals expectations for gold prices in the coming period
February 2, 2024
Head of Egypt’s gold division reveals expectations for gold prices in the coming period
The head of the Jewelry and Jewelry Division at the Chambers of Commerce Hani Milad, clarified that circulated rumors regarding…
Naguib Sawiris urges significant devaluation of the Egyptian pound
February 1, 2024
Naguib Sawiris urges significant devaluation of the Egyptian pound
Egyptian billionaire Naguib Sawiris criticized the delay in implementing the long-awaited devaluation of the Egyptian pound, proposing that authorities match…
IMF determines agreement with Egypt regarding tranches of existing loan and additional financing
February 1, 2024
IMF determines agreement with Egypt regarding tranches of existing loan and additional financing
The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, said that…
IMF lowers growth expectations for Egypt economy for the 3rd time
January 31, 2024
IMF lowers growth expectations for Egypt economy for the 3rd time
The International Monetary Fund (IMF) lowered its growth expectations for the Egyptian economy during 2024, while maintaining its expectations for…
IMF reportedly increasing loan to Egypt to US$8 billion: TV host
January 31, 2024
IMF reportedly increasing loan to Egypt to US$8 billion: TV host
Egyptian TV host Lamis al-Hadidi said on Tuesday during her show “Last Word” (Kalema Akhera) that there is upcoming news…
Bourse posts collective gains at end of Sunday’s transactions
January 30, 2024
Bourse posts collective gains at end of Sunday’s transactions
CAIRO, Jan 28 (MENA) – Egyptian Exchange (EGX) indexes posted collective gains at the close of Sunday’s trading session backed…
Egypt to offer local currency bonds on Hong Kong Stock Exchange: Minister
January 29, 2024
Egypt to offer local currency bonds on Hong Kong Stock Exchange: Minister
Egypt has agreed to sign an agreement to prevent double taxation this year, promote the offering of local currency bonds…
Dollar exchange rate stable at Sunday’s transactions
January 29, 2024
Dollar exchange rate stable at Sunday’s transactions
The dollar exchange rate was stable at the start of Sunday’s transactions at Egypt’s major banks. At the National Bank…
Moody’s alters outlook for five Egyptian banks to negative
January 25, 2024
Moody’s alters outlook for five Egyptian banks to negative
Global credit rating agency Moody’s Investors Service has altered the outlook for five Egyptian banks, bringing their long-term deposit ratings…