Economy

US dollar exchange rate at Egypt’s major banks

US dollar exchange rate at Egypt’s major banks

The US dollar exchange rate against the Egyptian pound has stabilized Friday, following the increase recorded yesterday, coinciding with the…
Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egypt to become regional petroleum hub with UAE in partnership worth $3 billion

Egyptian Prime Minister Mostafa Madbouly has presided over the signing ceremony of a Memorandum of Understanding at the New Alamein…
New Financial Instruments To Be Launched For Local Market Soon: Finance Min

New Financial Instruments To Be Launched For Local Market Soon: Finance Min

Finance Minister Ahmed Kouchouk said his ministry will work for launching new financial instruments for the local market over the…
Experts explain why the US dollar exchange rate has risen against the Egyptian pound

Experts explain why the US dollar exchange rate has risen against the Egyptian pound

Recent regional tensions have impacted the US dollar exchange rate against the Egyptian pound, which witnessed a recent increase sometimes…
Egypt receives third tranche of IMF program worth $820 million

Egypt receives third tranche of IMF program worth $820 million

Mostafa Madbouly, Prime Minister, chaired on Thursday the first meeting of the Coordination Council for Financial and Monetary Policies, in…
US dollar exchange rate sees increase at Thursday’s midpoint bank trading

US dollar exchange rate sees increase at Thursday’s midpoint bank trading

The US dollar has recorded a new increase on Thursday during the middle of bank trading. The average price of…
IMF calls on Egypt to devaluate Egyptian pound against US dollar again

IMF calls on Egypt to devaluate Egyptian pound against US dollar again

The head of the International Monetary Fund (IMF) mission in Egypt, Ivanna Vladkova Hollar, said that there are no reforms…
Egypt’s external debt decreases by $14 billion in 5 months

Egypt’s external debt decreases by $14 billion in 5 months

Egypt’s external debt has decreased to $153.9 billion at the end of May 2024, compared to $168 billion at the…
US dollar exchange rate against the Egyptian pound on Friday

US dollar exchange rate against the Egyptian pound on Friday

The exchange rate between the US dollar and the Egyptian pound remained stable during the bank holiday on Friday, after…
PM says inflation rate down for fourth month in a row

PM says inflation rate down for fourth month in a row

Prime Minister Mostafa Madbouly said on Wednesday the inflation rate decreased for the fourth month in a row and and…
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