Business
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…
Egypt issues official statement revealing reasons behind record rise in gold prices
January 25, 2024
Egypt issues official statement revealing reasons behind record rise in gold prices
The Gold, Jewelry and Precious Metals Division of the Chamber of Mineral Industries of the Federation of Egyptian Industries issued…
Egypt bourse gains LE18 billion
January 23, 2024
Egypt bourse gains LE18 billion
Egyptian Exchange (EGX) indexes posted collective gains at the close of Monday’s trading session, backed by purchases by Arab and…
CIB raises the interest rate on triple option CDs to 22 percent
January 21, 2024
CIB raises the interest rate on triple option CDs to 22 percent
The Commercial International Bank (CIB) has raised the interest rate on the triple option certificate of deposits to 22 percent…
Egypt responds to Moody’s changing its future outlook to negative
January 20, 2024
Egypt responds to Moody’s changing its future outlook to negative
Egypt’s Finance Ministry assured that the government is working to manage macroeconomic risks with flexibility to contain successive external shocks,…
‘A tough new year for Egypt’ – Moody’s expects significant economic pressures
January 18, 2024
‘A tough new year for Egypt’ – Moody’s expects significant economic pressures
The Moody’s credit rating agency anticipates that Egypt will face significant pressures in 2024 for both debt and financial liquidity.…
Dollar rates stable at start of Monday’s transactions in Egypt’s major banks
January 16, 2024
Dollar rates stable at start of Monday’s transactions in Egypt’s major banks
CAIRO, Jan 15 (MENA) – The dollar exchange rate was stable at the start of Monday’s transactions at Egypt’s major…
Dollar Rates Stable at Start of Sunday’s Transactions in Egypt’s Major Banks
January 15, 2024
Dollar Rates Stable at Start of Sunday’s Transactions in Egypt’s Major Banks
The dollar exchange rate was stable at the start of Sunday’s transactions, 14/1/2024, at Egypt’s major banks. At the National…