Egypt economy

Egypt’s foreign currency reserves are still ‘safe’: CBE
Business

Egypt’s foreign currency reserves are still ‘safe’: CBE

The Deputy Governor of the Central Bank of Egypt (CBE) Ramy Aboul-Naga, announced that the nation’s foreign currency reserves are…
Egypt expects decrease in budget surplus, increase in total deficit
Economy

Egypt expects decrease in budget surplus, increase in total deficit

Egyptian Finance Minister Mohamed Maait on Tuesday reviewed the expected effects of the coronavirus crisis on the state’s draft budget…
Egypt provided LE 3.8 bn to health sector during March to fight coronavirus
Business

Egypt provided LE 3.8 bn to health sector during March to fight coronavirus

The Egyptian Finance Ministry said on Wednesday that it has provided, since the beginning of March, funds totaling LE 3.8…
CBE to cancel LE10 bn worth of debt owed by 940,000 customers
Business

CBE to cancel LE10 bn worth of debt owed by 940,000 customers

The Central Bank of Egypt will cancel around LE 10 billion in debt owed to banks by 940,000 customers, as…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
Business

CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic

The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
Gold prices jump in Egypt as coronavirus fears weigh on global economy
Business

Gold prices jump in Egypt as coronavirus fears weigh on global economy

The price of gold made a record jump in the Egyptian market on Monday by about LE 4, a result…
Central Bank of Egypt keeps overnight interest rates unchanged
Business

Central Bank of Egypt keeps overnight interest rates unchanged

The Monetary Policy Committee of the Central Bank of Egypt decided, at its meeting on Thursday, to keep important interest…
Egypt’s economy to become sixth strongest in the world by 2030
Economy

Egypt’s economy to become sixth strongest in the world by 2030

Economist Talal Abu Ghazaleh, Chairman of Talal Abu-Ghazaleh International Organization, said that Egypt’s economy is set to become the sixth…
Egypt tops list of countries exporting oranges for second year in a row
Business

Egypt tops list of countries exporting oranges for second year in a row

Egypt has topped the list of countries that export oranges for the second year in a row, with exports totaling…
Women the main breadwinners in 14% of Egyptian families: Minister
Egypt

Women the main breadwinners in 14% of Egyptian families: Minister

Egypt’s Minister of International Cooperation Rania al-Mashat said women are the main breadwinners of 14 percent of Egyptian families, during…
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