Economy

Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report

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?

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

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

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

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

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

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

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

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

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…
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