Business
Egypt’s energy sector expected to generate over US19 billions in revenues
November 1, 2022
Egypt’s energy sector expected to generate over US19 billions in revenues
Egypt is expected to generate alot of revenue from the energy sector in 2022. Predictions are to be exceeding US$19…
US dollar price exceeds LE24 in Egypt
October 31, 2022
US dollar price exceeds LE24 in Egypt
The price of the US dollar rose on Sunday evening to reach its highest level in 2022 so far breaking…
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
October 30, 2022
Egypt suffering from US$40 billion gap between exports and imports: Engineering Export Council
The head of the Egyptian Engineering Export Council (EEC) Sherif al-Sayyad announced Saturday that Egypt is suffering from a large…
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
October 29, 2022
Egypt’s GDP rises by 6.6% in 2021/2022 Fiscal Year: Forbes
Forbes Middle East has reported that Egypt’s gross domestic product has grown by 6.6 percent during the 2021/2022 fiscal year.…
Will Egyptian banks offer certificates with 20% interest rate soon?
October 29, 2022
Will Egyptian banks offer certificates with 20% interest rate soon?
The Central Bank of Egypt announced various decisions on Thursday aimed at achieving reform measures to ensure the protection and…
CBE governor answers why interest rates were raised for the first time in 5 months
October 27, 2022
CBE governor answers why interest rates were raised for the first time in 5 months
On Thursday morning, the Central Bank of Egypt announced a package of exceptional decisions related to withdrawal and deposit limits…
Egypt announces flotation of Egyptian pound on Thursday
October 27, 2022
Egypt announces flotation of Egyptian pound on Thursday
The Central Bank of Egypt (CBE) issued a statement, on Thursday morning, announcing reform measures to ensure macroeconomic stability and…
US dollar exchange rate rises on Wednesday
October 26, 2022
US dollar exchange rate rises on Wednesday
The exchange rate of the US dollar rose against the Egyptian pound, Wednesday, October 26, 2022, by two piasters, as…
What does an index for the Egyptian pound mean?
October 26, 2022
What does an index for the Egyptian pound mean?
Economic and banking expert Ahmed Shawky said that issuing an index for the Egyptian pound is one of the most…
Egypt moves towards changing linking of pound to US dollar
October 24, 2022
Egypt moves towards changing linking of pound to US dollar
The Acting Governor of the Central Bank of Egypt, Hassan Abdullah, stated that the Central Bank is on its way…