Economy

The world’s largest sovereign wealth fund withdraws its investments from Israel

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

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

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

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

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

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

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

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

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

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,…
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