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After raising interest rate by 50 bps, what will be the impact of the US Fed Reserve’s decision on Egypt?

After raising interest rate by 50 bps, what will be the impact of the US Fed Reserve’s decision on Egypt?

The Federal Reserve abandoned an unprecedented series of decisions to raise interest rates by 75 basis points. This happened over…
US dollar price stabilizes on Wednesday in Egypt

US dollar price stabilizes on Wednesday in Egypt

On Wednesday, December 14, the price of the US dollar stabilized against the Egyptian pound, in most banks operating in…
US dollar price on Tuesday in Egypt

US dollar price on Tuesday in Egypt

On Tuesday, December 13, the price of the US dollar rose against the Egyptian pound, in most banks operating in…
Bloomberg: PIF prepares to acquire a bank in Egypt

Bloomberg: PIF prepares to acquire a bank in Egypt

The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Finance Ministry refutes rumors on US dollar rate reaching LE40

Finance Ministry refutes rumors on US dollar rate reaching LE40

During a phone-in with Sada al-Balad channel on Thursday, Maait touched on rumors on social media regarding the rise in…
IMF stresses need to maintain flexibility of exchange rate in Egypt

IMF stresses need to maintain flexibility of exchange rate in Egypt

Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the…
Vodacom acquires 55% stake of Vodafone Egypt

Vodacom acquires 55% stake of Vodafone Egypt

The telecommunications company Vodacom Group, South Africa, completed the purchase of 132 million shares of Vodafone Egypt. This happened on…
US dollar price rises in Egypt on Thursday’s mid-trading

US dollar price rises in Egypt on Thursday’s mid-trading

On Thursday December 8, the price of the US dollar rose against the Egyptian pound. This is the case in…
MP calls on govt to clarify plans about floating the Egyptian pound

MP calls on govt to clarify plans about floating the Egyptian pound

Member of the Egyptian Parliament, Amira Abu Shaqqa, called on the Ministry of Industry and Trade to draw up a…
Cabinet approves draft resolution to establish the New Development Bank

Cabinet approves draft resolution to establish the New Development Bank

The cabinet approved, during Wednesday’s meeting chaired by Prime Minister Mostafa Madbouly, a draft decision of from the president approving…
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