Economy
The world’s largest sovereign wealth fund withdraws its investments from Israel
August 12, 2025
The world’s largest sovereign wealth fund withdraws its investments from Israel
Norway’s sovereign wealth fund, the world’s largest with total assets exceeding US$ 1.6 trillion, announced the divestment of several Israeli…
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025
August 12, 2025
Standard Chartered: Egypt to receive US$6 Billion from Qatar and Kuwait before end of 2025
The Standard Chartered Bank said that the Egyptian economy will remain strong, with macroeconomic stability despite rapid global shifts –…
US dollar rises globally, other currencies fluctuate
August 9, 2025
US dollar rises globally, other currencies fluctuate
The US dollar is now higher but is heading for a week decline after weakening economic data prompted traders to…
PM chairs economic ministerial group meeting
August 9, 2025
PM chairs economic ministerial group meeting
Prime Minister Mostafa Madbouly chaired a meeting of the economic ministerial group on Thursday to review economic performance, inflation, and…
Egyptian pound surges – dollar hits 9-month low against local currency
July 31, 2025
Egyptian pound surges – dollar hits 9-month low against local currency
The US dollar has fallen to its lowest level in Egypt in nine months, reaching LE 48.75 for buying and…
Egypt’s government plans to borrow from citizens through retail bonds
July 26, 2025
Egypt’s government plans to borrow from citizens through retail bonds
Economic expert Mohamed Fouad, the head of the al-Adl Center for Public Policy Studies, commented on the announcement by Finance…
FM: Egyptian economy has promising investment chances
July 26, 2025
FM: Egyptian economy has promising investment chances
CAIRO/BAMAKO, July 24 (MENA) – Minister of Foreign Affairs, Emigration and Egyptians Abroad Badr Abdelatty affirmed that the Egyptian economy—being…
Egypt’s tourism revenues rise by 15.4%: CBE
July 23, 2025
Egypt’s tourism revenues rise by 15.4%: CBE
The Central Bank of Egypt (CBE) announced on Tuesday that tourism revenues rose by 15.4 percent to US$ 12.5 billion…
PM follows up efforts to reduce public debt to GDP ratio
July 23, 2025
PM follows up efforts to reduce public debt to GDP ratio
Prime Minister Mostafa Madbouly said the government continues its efforts to maintain a sustainable downward trend in external debt, while…
CBE decides to return banks to work at 3 pm instead of 5 pm
July 16, 2025
CBE decides to return banks to work at 3 pm instead of 5 pm
The Central Bank of Egypt (CBE) announced that banks will resume their normal working hours, until three pm starting Tuesday,…