Business
CBE responds to rise in US dollar exchange rate
October 15, 2022
CBE responds to rise in US dollar exchange rate
The Central Bank of Egypt (CBE) issued analysis showed that the US dollar index rose globally by 0.60 percent, benefiting…
Agility to establish two logistics services centers in Egypt with investments of $60 mln
October 12, 2022
Agility to establish two logistics services centers in Egypt with investments of $60 mln
The Kuwaiti Agility company plans to establish and operate two logistics and customs services centers in the industrial zone of…
Egypt reduces total deficit to 6.1% of GDP in FY 2021/22: ministry
October 12, 2022
Egypt reduces total deficit to 6.1% of GDP in FY 2021/22: ministry
Egypt recorded in the fiscal year ending in June 2022 a growth rate of 6.6 percent, and a primary surplus…
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
October 12, 2022
Suez Canal hits highest ever annual revenue, oil sector records surplus of $5 bln: minister
The Suez Canal achieved the highest return of about US$7 billion in the fiscal year 2021/2022, and the oil sector…
Egypt to register economic growth of 4.8% in 2023: World Bank
October 12, 2022
Egypt to register economic growth of 4.8% in 2023: World Bank
The World Bank stated that Egypt will have a positive economic growth rate in 2023 of 4.8 percent, TV host…
Banking expert expects future inflation rates for the coming period
October 12, 2022
Banking expert expects future inflation rates for the coming period
Banking expert Ramzi al-Jarm said that the rise in inflation rates in September to its highest level in four years…
US dollar falls in Egypt Monday
October 10, 2022
US dollar falls in Egypt Monday
The price of the US dollar fell against the Egyptian pound, Monday, October 10, by seven piasters at the Central…
Annual consumer price inflation records highest level in 4 years: CAPMAS
October 10, 2022
Annual consumer price inflation records highest level in 4 years: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) data showed on Monday that the annual consumer price inflation in…
Topped by Sawiris, Arab billionaires exposed to huge losses in 2022: Forbes
October 10, 2022
Topped by Sawiris, Arab billionaires exposed to huge losses in 2022: Forbes
During the past seven months of 2022, eight Arab billionaires have experienced a combined loss of about US$ 2.9 billion.…
CBE launches 2022-2025 financial inclusion strategy
October 10, 2022
CBE launches 2022-2025 financial inclusion strategy
The Central Bank of Egypt on Sunday announced its financial inclusion strategy (2022-2025), which aims to enhance the financial inclusion…