Economy

UAE giant to develop gigantic Suez Canal Zone in 50-year deal

UAE giant to develop gigantic Suez Canal Zone in 50-year deal

The Chairman of the SCZone, Waleid Gamal al-Dien, commented on the signing of an agreement by the UAE’s AD Ports…
Mashat: Fiscal, monetary reforms aim to consolidate macroeconomic stability

Mashat: Fiscal, monetary reforms aim to consolidate macroeconomic stability

Egypt has implemented a series of fiscal and monetary reforms since March 2024 to consolidate macroeconomic stability and advance transition…
Egypt’s rate cut on thin ice? IMF issues stark warning

Egypt’s rate cut on thin ice? IMF issues stark warning

The International Monetary Fund (IMF) has called on Egypt to exercise caution in its path of interest rate cuts, given the…
PM: Supply of Products in Market Influences Pricing

PM: Supply of Products in Market Influences Pricing

Prime Minister Mostafa Madbouly said that the government exerts great efforts to ensure a reassuring stockpile of various commodities, in…
IMF and World Bank expect Egypt’s economic growth to increase, Mashat

IMF and World Bank expect Egypt’s economic growth to increase, Mashat

Minister of Planning, Economic Development, and International Cooperation Rania al-Mashat participated in a press conference held by Prime Minister Mostafa…
CBE announces that all banks in Egypt will be closed on May 1 for Labor Day

CBE announces that all banks in Egypt will be closed on May 1 for Labor Day

The Central Bank of Egypt (CBE) announced in an official statement that the Labor Day holiday will apply for the…
Finance Minister urges innovative financing to support developing economies

Finance Minister urges innovative financing to support developing economies

Finance Minister Ahmed Kouchouk emphasized the need to provide essential developmental financing to boost the ability of developing and African…
Minister: State keen to achieve economic growth based on investments, industry localization

Minister: State keen to achieve economic growth based on investments, industry localization

The state intends to achieve strategic transition for making economic growth through stimulating investments and localizing industry, Minister of Planning,…
What is the highest return on CDs in Egypt?

What is the highest return on CDs in Egypt?

After the Central Bank of Egypt (CBE) reduced its base interest rate by 2.25 percent on Thursday, April 17,  interest…
Egypt, IME to discuss details of RST new financing this week, sources

Egypt, IME to discuss details of RST new financing this week, sources

The Egyptian government and Central Bank are expected to discuss ways to obtain the new financing via Resilience and Sustainability…
Back to top button