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National Bank of Egypt increases yield on Platinum certificates

National Bank of Egypt increases yield on Platinum certificates

The National Bank of Egypt (NBE) has decided to raise the annual yield on its fixed-rate Platinum certificates of deposits.…
Investment Minister, Slovenian President discuss enhancing investment cooperation

Investment Minister, Slovenian President discuss enhancing investment cooperation

Minister of Investment and Foreign Trade Mohamed Farid and Nataša Pirc Musar, President of the Republic of Slovenia, participated in…
Egypt’s foreign currency reserves reach US$ 57.50 billion

Egypt’s foreign currency reserves reach US$ 57.50 billion

The Governor of the Central Bank of Egypt (CBE), Hassan Abdallah, announced that the country’s foreign currency reserves have climbed…
Egypt expands hydraulic fracturing, horizontal drilling to boost petroleum, gas output

Egypt expands hydraulic fracturing, horizontal drilling to boost petroleum, gas output

Minister of Petroleum and Mineral Resources Karim Badawi said Egypt is expanding the use of hydraulic fracturing and horizontal drilling…
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…
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