Economy

Fitch affirms Egypt’s credit rating at B+

Fitch affirms Egypt’s credit rating at B+

Fitch Ratings affirmed Egypt’s credit at “B+” with a stable outlook for the fourth time. Egypt’s ratings are supported by…
Foreign exchange rates in the National Bank of Egypt on Tuesday

Foreign exchange rates in the National Bank of Egypt on Tuesday

The exchange rates of most foreign currencies in the National Bank of Egypt fell on Tuesday, while the price of…
Egypt starts talks on new IMF loan during spring meetings

Egypt starts talks on new IMF loan during spring meetings

The annual spring meetings of the International Monetary Fund and the World Bank will kick off in Washington, DC with…
Government considers obligating Egyptian shipping agencies to use local currency

Government considers obligating Egyptian shipping agencies to use local currency

The Egyptian government is considering obligating local shipping agencies operating in Egyptian ports to accept the payment of local container…
US dollar exchange rate in Egypt maintains stable prices

US dollar exchange rate in Egypt maintains stable prices

The National Bank of Egypt announced the update of currency rates on Monday. The US dollar maintained stable price:s while…
Economic reform has made Egypt more able to absorb global shocks: Finance Minister

Economic reform has made Egypt more able to absorb global shocks: Finance Minister

Egyptian Finance Minister Mohamed Maait credited Egypt’s resilience in the face of global and local economic shocks to the economic…
Slight decrease in Egypt’s US dollar exchange rate on Sunday

Slight decrease in Egypt’s US dollar exchange rate on Sunday

The US dollar exchange rate decreased slightly by two piasters on Sunday compared to Thursday’s rates, which were LE18.29 for…
Egypt to launch initiative to develop energy transition in Africa

Egypt to launch initiative to develop energy transition in Africa

The Egyptian Minister of Petroleum and Mineral Resources Tarek al-Mulla announced Friday that his country is preparing an Egyptian initiative…
US dollar exchange rate maintains stable prices after two days of hikes

US dollar exchange rate maintains stable prices after two days of hikes

The US dollar exchange rate maintained stable prices on Wednesday after two days of hikes since the Central Bank of…
US dollar exchange rate continues to increase against Egyptian pound

US dollar exchange rate continues to increase against Egyptian pound

The exchange rate of the US dollar against the Egyptian pound continued to increase on Tuesday’s morning trading, reaching LE18.53.…
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