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Egypt sees significant decline in US dollar exchange rate at the black market

Egypt sees significant decline in US dollar exchange rate at the black market

The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to…
Fitch expects inflation rates in Egypt to decline on annual basis

Fitch expects inflation rates in Egypt to decline on annual basis

The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal

Egypt receives US$ 10 billion from Ras al-Hikma deal

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…
Central Bank of Egypt offers LE60 bln in Treasury bills

Central Bank of Egypt offers LE60 bln in Treasury bills

The Central Bank of Egypt (CBE) offered LE60 billion in Treasury bills on Thursday through two tenders. The first tender…
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi

Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi

Egypt has received the first tranche of funds pledged by the UAE from a total of $35 billion. President Abdel…
International Monetary Fund comments on Egypt’s Ras al-Hikma deal

International Monetary Fund comments on Egypt’s Ras al-Hikma deal

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, said that Egypt’s announcement on Friday of a $35…
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel

Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel

Emirati businessman Khalaf al-Habtoor renewed his desire to invest in the Regal Heights Hotel, the largest hotel in the el-Alamein…
Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank

Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank

The Emirates NBD – Egypt bank announced the launch of three new certificates of deposits (CDs) with competitive returns exceeding…
IMF’s loan to Egypt not linked to Gaza crisis, official assures

IMF’s loan to Egypt not linked to Gaza crisis, official assures

The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour said there…
US dollar exchange rate to stabilize in six months: MP

US dollar exchange rate to stabilize in six months: MP

The Chairman of the Plan and Budget Committee in the Egyptian House of Representatives and former expert at the IMF,…
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