inflation
Savings certificates with 25% return deadline expected in two or three weeks
Economy
January 13, 2023
Savings certificates with 25% return deadline expected in two or three weeks
Banque Misr and the National Bank of Egypt are expected to continue to offer term deposit savings certificates with a…
CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022
Business
January 11, 2023
CBE: Egypt’s annual headline inflation jumps 24.4% in December 2022
The Central Bank of Egypt (CBE) announced that the annual headline inflation rate jumped 24.4 percent in December 2022, compared…
24 billion LE deposited into savings certificates in just two days
Egypt
January 6, 2023
24 billion LE deposited into savings certificates in just two days
The new savings term deposit certificates of 25 percent that were announced the other day have seen quick large deposits.…
US dollar price declines significantly on black market in Egypt
Business
December 29, 2022
US dollar price declines significantly on black market in Egypt
The exchange rate of the US dollar on the black market in Egypt declined significantly during the past days, losing…
CBE explains reasons for rising interest rates
Business
December 23, 2022
CBE explains reasons for rising interest rates
The Central Bank of Egypt (CBE) said that raising the interest rate that went up by three percent came after…
MP requests briefing from PM on economic situation in Egypt
Business
December 7, 2022
MP requests briefing from PM on economic situation in Egypt
Member of the House of Representatives and Vice President of the Egyptian Social Democratic Party, Freddy al-Bayady, submitted a request…
Egypt announces flotation of Egyptian pound on Thursday
Economy
October 27, 2022
Egypt announces flotation of Egyptian pound on Thursday
The Central Bank of Egypt (CBE) issued a statement, on Thursday morning, announcing reform measures to ensure macroeconomic stability and…
CBE withdraws LE100 billion of liquidity for 6th time in a month
Business
September 21, 2022
CBE withdraws LE100 billion of liquidity for 6th time in a month
Liquidity worth LE100 billion has been withdrawn by the Central Bank of Egypt (CBE) for the sixth time in about…
It now costs more than $300,000 to raise a child, thanks to inflation
Life & Style
August 30, 2022
It now costs more than $300,000 to raise a child, thanks to inflation
New York (CNN) – Soaring inflation has made almost everything more expensive. And it has significantly increased the cost of…
Senior economist expects IMF loan to Egypt to be approved soon
Business
August 26, 2022
Senior economist expects IMF loan to Egypt to be approved soon
Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…