Economy
Will the US dollar rise after the CBE cut interest rates?
April 19, 2025
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
April 18, 2025
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…
Kuwait to provide Egypt with massive investments in 7 vital sectors
April 16, 2025
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
April 16, 2025
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
April 15, 2025
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
April 14, 2025
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
April 12, 2025
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
April 10, 2025
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
April 9, 2025
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
April 9, 2025
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…