Economy

IMF and World Bank expect Egypt’s economic growth to increase, Mashat

IMF and World Bank expect Egypt’s economic growth to increase, Mashat

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat participated in a press conference held by Prime Minister Mostafa…
CBE announces that all banks in Egypt will be closed on May 1 for Labor Day

CBE announces that all banks in Egypt will be closed on May 1 for Labor Day

The Central Bank of Egypt (CBE) announced in an official statement that the Labor Day holiday will apply for the…
Finance Minister urges innovative financing to support developing economies

Finance Minister urges innovative financing to support developing economies

Finance Minister Ahmed Kouchouk emphasized the need to provide essential developmental financing to boost the ability of developing and African…
Minister: State keen to achieve economic growth based on investments, industry localization

Minister: State keen to achieve economic growth based on investments, industry localization

The state intends to achieve strategic transition for making economic growth through stimulating investments and localizing industry, Minister of Planning,…
What is the highest return on CDs in Egypt?

What is the highest return on CDs in Egypt?

After the Central Bank of Egypt (CBE) reduced its base interest rate by 2.25 percent on Thursday, April 17,  interest…
Egypt, IME to discuss details of RST new financing this week, sources

Egypt, IME to discuss details of RST new financing this week, sources

The Egyptian government and Central Bank are expected to discuss ways to obtain the new financing via Resilience and Sustainability…
Gold prices soar to historic high in Egypt

Gold prices soar to historic high in Egypt

Gold prices in the Egyptian local market reached unprecedented levels on Monday, with the popular 21-karat gold exceeding the 4800…
Highest CDs returns in Egyptian banks after CBE cut interest rate

Highest CDs returns in Egyptian banks after CBE cut interest rate

The Central Bank of Egypt (CBE) has decided to cut interest rates on Thursday by 225 basis points, bringing the…
Will the US dollar rise after the CBE cut interest rates?

Will the US dollar rise after the CBE cut interest rates?

Economic expert Mohamed Fouad revealed the impact of the Central Bank of Egypt‘s (CBE) recent decision to reduce interest rates…
Egyptian banks cut interest rates on variable certificates following Central Bank move

Egyptian banks cut interest rates on variable certificates following Central Bank move

In an automatic move responding to the Central Bank of Egypt’s reduction of key interest rates, banks operating in Egypt…
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