Economy
Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report
December 8, 2023
Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report
The exchange rate of the Egyptian pound is likely to decline by about 30 percent during the first quarter of…
What is the digital Egyptian pound, its value and advantages?
December 7, 2023
What is the digital Egyptian pound, its value and advantages?
The Director of the Cairo Center for Economic and Strategic Studies Abdel Moneim al-Sayed, reviewed the importance of the digital…
Egypt considers issuing bonds in Indian rupees worth US$500 million: Finance Minister
December 6, 2023
Egypt considers issuing bonds in Indian rupees worth US$500 million: Finance Minister
Egyptian Finance Minister Mohamed Maait said on Tuesday that his country is considering issuing bonds in Indian rupees next year,…
UAE and Kuwait extending deposits reveals confidence in Egypt’s economy: Bankers
December 2, 2023
UAE and Kuwait extending deposits reveals confidence in Egypt’s economy: Bankers
Banking experts said that the UAE and Kuwait’s extension of the deadline for deposits due soon to 2024 and 2026…
Dollar rate in Egypt’s black market sees sudden, significant decline
December 1, 2023
Dollar rate in Egypt’s black market sees sudden, significant decline
The dollar price at the black market for currency speculation (the unofficial market) witnessed a significant decline by about five…
Suez Canal achieves record revenues during November
November 30, 2023
Suez Canal achieves record revenues during November
The Chairman of the Suez Canal Authority Osama Rabie announced on Thursday that navigation statistics for the canal in November…
Egypt mulls cash support instead of subsidizing commodities: Minister
November 27, 2023
Egypt mulls cash support instead of subsidizing commodities: Minister
The Minister of Supply and Internal Trade, Ali Moslehi, announced Sunday that the government is considering converting commodity support to…
Maait: Up to LE768 bn transferred to social insurance authority in 52 months
November 26, 2023
Maait: Up to LE768 bn transferred to social insurance authority in 52 months
Finance Minister Mohamed Maait asserted the state budget allocated more than LE768 billion to the National Authority for Social Insurance,…
CBE launches cash withdrawal from ATMs for InstaPay users soon
November 25, 2023
CBE launches cash withdrawal from ATMs for InstaPay users soon
The Deputy Assistant Governor of the Central Bank of Egypt for Banking Operations and Payment Systems Ehab Nasr, announced on…
CBE reveals number of InstaPay users & volume of Egyptian transactions
November 22, 2023
CBE reveals number of InstaPay users & volume of Egyptian transactions
The Assistant Deputy Governor for Payment Systems and Services at the Central Bank of Egypt (CBE) Ehab Nasr, announced that…