Economy

No electricity price hike: Egypt’s Prime Minister

No electricity price hike: Egypt’s Prime Minister

Prime Minister Mostafa Madbouly affirmed that there is currently no increase in electricity prices. During a government press conference on…
Egypt launches massive LE 900 billion tourism project on Red Sea coast

Egypt launches massive LE 900 billion tourism project on Red Sea coast

Prime Minister Mostafa Madbouly on Monday evening witnessed the signing of partnership contracts between the Egyptian government, Emaar Misr and…
Egypt plans to reduce its debt to lowest level in history: PM

Egypt plans to reduce its debt to lowest level in history: PM

Prime Minister Mostafa Madbouly announced that Egypt is currently aiming to achieve the lowest debt reduction in its history, RT…
Egypts slams Israeli threats as gas agreement hangs in the balance

Egypts slams Israeli threats as gas agreement hangs in the balance

Diaa Rashwan, head of the Egyptian State Information Service, commented on Israeli reports that Prime Minister Benjamin Netanyahu had directed…
National Bank of Egypt reduces number of dollar-denominated certificates of deposit

National Bank of Egypt reduces number of dollar-denominated certificates of deposit

The National Bank of Egypt (NBE) announced the suspension of some certificates of deposit in various foreign currencies (dollars, euros,…
Economic expert reveals impact of Central Bank of Egypt’s recent decision

Economic expert reveals impact of Central Bank of Egypt’s recent decision

Economic expert Mohamed Fouad hailed the Central Bank of Egypt‘s (CBE) decision to reduce interest rates, given the decline in…
Central Bank of Egypt cuts interest rates by 2%

Central Bank of Egypt cuts interest rates by 2%

The Central Bank of Egypt (CBE) decided on Thursday evening to cut interest rates on deposits and lending by 2…
Egypt’s dollar resources hit record high of $8.5 billion: Prime Minister

Egypt’s dollar resources hit record high of $8.5 billion: Prime Minister

Prime Minister Mostafa Madbouly denied reports that Egypt’s economic improvement is solely due to the International Monetary Fund program. He…
Sawiris defends his proposal to repay Egypt’s foreign Debt

Sawiris defends his proposal to repay Egypt’s foreign Debt

Egyptian billionaire Naguib Sawiris defended his proposal to offer the remaining lands on the North Coast and the Red Sea…
Here’s all you need to know about 2025’s best Certificate of Deposit with the highest return in Egyptian banks

Here’s all you need to know about 2025’s best Certificate of Deposit with the highest return in Egyptian banks

The Arab African International Bank (AAIB) has launched the Four-Year Bullet Certificate of Deposit, offering a cumulative return of up…
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