Economy
UAE giant to develop gigantic Suez Canal Zone in 50-year deal
May 5, 2025
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
May 3, 2025
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
May 2, 2025
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
May 1, 2025
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
April 30, 2025
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
April 30, 2025
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
April 29, 2025
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
April 27, 2025
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?
April 26, 2025
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
April 22, 2025
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…