Economy

Kuwait to provide Egypt with massive investments in 7 vital sectors

Kuwait to provide Egypt with massive investments in 7 vital sectors

Kuwait announced its intentions to make major investments in Egypt and capitalize on its investment opportunities following Egyptian President Abdel…
Central Bank of Egypt to cut interest rates, expert says

Central Bank of Egypt to cut interest rates, expert says

Banking expert Tarek Metwally anticipates the Central Bank of Egypt (CBE) to cut interest rates by 200 basis points (equivalent…
Egypt, Qatar affirm commitment to fostering economic partnership

Egypt, Qatar affirm commitment to fostering economic partnership

Egypt and Qatar on Monday issued a joint statement affirming their commitment to strengthening their economic partnership and continuing efforts…
Top 10 countries with the largest gold reserves in the world

Top 10 countries with the largest gold reserves in the world

A “safe haven” – this is how many view gold, which they use as a reliable tool to hedge against…
Standard & Poor’s revises its outlook for Egypt

Standard & Poor’s revises its outlook for Egypt

Standard & Poor’s has revised its outlook for Egypt to stable, and affirmed its credit rating at ‘B-/B’. The agency…
No minimum balance – Egyptian banks offer free accounts for financial inclusion in April

No minimum balance – Egyptian banks offer free accounts for financial inclusion in April

The Central Bank of Egypt (CBE) issued a statement on Thursday, announcing that banks operating in the Egyptian market will…
Egypt, AFD sign sign nine agreements worth €262.3 million

Egypt, AFD sign sign nine agreements worth €262.3 million

Egypt and France have signed nine financing agreements following the high-level official visit of French President Emmanuel Macron to Cairo,…
Naguib Sawiris expects gold to hit US$5,000 per ounce

Naguib Sawiris expects gold to hit US$5,000 per ounce

Egyptian businessman Naguib Sawiris, chairman of Orascom Investment Holding, predicted that the price of gold would reach US$5,000 per ounce…
E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead

E-transfer fee hike: Banque Misr & Bank of Alexandria follow InstaPay’s lead

Banque Misr and Bank of Alexandria have decided to implement a new increase in the fees for money transfers through…
Egypt considers importing 15 new Liquefied natural gas shipments in 2025

Egypt considers importing 15 new Liquefied natural gas shipments in 2025

The Egyptian Ministry of Petroleum and Mineral Resources is considering importing more than 15 new Liquefied natural gas (LNG) shipments…
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