Business
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…
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
October 23, 2022
Standard & Poor’s affirms Egypt’s rating at B/B with a stable outlook
Standard & Poor’s affirmed Egypt’s rating at B/B with a stable outlook. In April, Moody’s credit rating agency decided to…
Egypt’s FRA participates in IOSCO’s meetings in Morocco
October 22, 2022
Egypt’s FRA participates in IOSCO’s meetings in Morocco
The Chairman of the Board of Directors of the Financial Regulatory Authority (FRA), Mohamed Farid, participated in the meeting of…
Fitch Solutions expects Egyptian economy growth to decline to 4.3%
October 22, 2022
Fitch Solutions expects Egyptian economy growth to decline to 4.3%
Fitch Solutions, a research company of Fitch Ratings Agency, expects a slowdown in the growth of economic activity in Egypt…
Ban on rice export continues in Egypt to cover local needs
October 21, 2022
Ban on rice export continues in Egypt to cover local needs
The Egyptian government announced the continuation of the ban on the export of rice abroad in order to secure the…