Business

White Friday sales under pressure from US Dollar

White Friday sales under pressure from US Dollar

Retailers are set to launch their “White Friday” seasonal offers on November 27, amid anticipation regarding how the recent rise…
Goldman Sachs raises 2027 oil price forecast to US$ 88 per barrel

Goldman Sachs raises 2027 oil price forecast to US$ 88 per barrel

Goldman Sachs has raised its oil price forecasts for the near future, citing escalating geopolitical risks and an increased likelihood…
Economic expert reveals Egyptian pound outlook for the coming two months

Economic expert reveals Egyptian pound outlook for the coming two months

Economist Mohamed Anis has described the declines seen on the Egyptian Exchange over the past week as “paper losses” rather…
FM discusses economic partnership with Bahraini finance minister

FM discusses economic partnership with Bahraini finance minister

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty met Saturday, October 31, 2026, in Manama with Bahraini…
Industrial strategy targets supply chains, local manufacturing

Industrial strategy targets supply chains, local manufacturing

Egypt’s Industrial Strategy 2030 seeks to establish a more competitive industrial base integrated into global supply chains by promoting industrial…
Why the CBE raised interest rates by 1% amid currency pressures

Why the CBE raised interest rates by 1% amid currency pressures

The Central Bank of Egypt (CBE) defied market expectations on Thursday by raising its key interest rates by 100 basis…
PM directs study of investment opportunities to develop Capital Airport, surrounding area

PM directs study of investment opportunities to develop Capital Airport, surrounding area

Prime Minister Mostafa Madbouly has directed the formation of a working group comprising the relevant ministries and authorities to examine…
PM witnesses signing of $650M solar power project agreements

PM witnesses signing of $650M solar power project agreements

Prime Minister Mostafa Madbouly attended on Monday evening the signing of an initial financing agreement for the Dandara solar power…
US dollar exchange rate rises by 40 piasters, reaching LE 55.75

US dollar exchange rate rises by 40 piasters, reaching LE 55.75

The US dollar exchange rate against the Egyptian pound rose by 40 piasters across several banks during Sunday’s trading, compared…
Egyptian economist rules out US dollar falling below LE 50 

Egyptian economist rules out US dollar falling below LE 50 

Economist Mohamed Fouad suggests that the US dollar exchange rate in Egypt will likely hover around the LE 52 mark…
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