Business

Gold prices stabilize in Egypt

Gold prices stabilize in Egypt

Gold prices stabilized during trading on Tuesday following a decline on Monday, as the price of gold fell by an…
IMF anticipates increase in support to Egypt will be ‘large in size’

IMF anticipates increase in support to Egypt will be ‘large in size’

The Managing Director of the International Monetary Fund, Kristalina Georgieva said that the expected increase in support to Egypt will…
Egypt’s Minister of Finance assures no increase in tax rates

Egypt’s Minister of Finance assures no increase in tax rates

Finance Minister Mohamed Maait assured that there are no new burdens in Egypt’s tax policy strategy for 2024/2030, no increase…
IMF in the final stage of formulating increased financing for Egypt

IMF in the final stage of formulating increased financing for Egypt

The International Monetary Fund (IMF) is formulating a new financial support package for Egypt, following upon its plans to increase…
The dollar rises once more, reaching LE63 in Egypt’s parallel market

The dollar rises once more, reaching LE63 in Egypt’s parallel market

The dollar price in the parallel market rose again during Wednesday’s trading to record LE63, according to the “Investing” platform,…
Egypt’s foreign reserves rise to US$35.249 billion by end of January

Egypt’s foreign reserves rise to US$35.249 billion by end of January

The Central Bank of Egypt (CBE) revealed an increase in net foreign exchange reserves, reaching US$35.249 billion at the end…
National Bank of Egypt increases interest rates for certificates in 2024

National Bank of Egypt increases interest rates for certificates in 2024

The National Bank of Egypt (NBE) has adjusted the return on the Platinum Savings Certificate with a variable return, in…
Banking expert explains differences between clean and dirty float

Banking expert explains differences between clean and dirty float

Banking expert Hany Abul-Fotouh explained that the exchange rate policies followed globally involve either linking the country’s currency to another…
US dollar price in Egypt’s black market continues to decline

US dollar price in Egypt’s black market continues to decline

The US dollar price in Egypt’s parallel/black market witnessed a noticeable decline over the past days, falling to LE71 per…
Raising interest rates constitutes a burden on investment: Investor

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…
Back to top button