Economy
US dollar exchange rate at Egypt’s major banks
August 9, 2024
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
August 8, 2024
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
August 7, 2024
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
August 5, 2024
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
August 2, 2024
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
August 1, 2024
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
July 31, 2024
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
July 26, 2024
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
July 19, 2024
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
July 18, 2024
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…