Business
Maait: Geopolitics tensions led to rising cost of living
October 15, 2023
Maait: Geopolitics tensions led to rising cost of living
Finance Minister Mohamed Maait said the ministry is seeking to receive a realistic and analytical vision from international financial institutions…
Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024
October 14, 2023
Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024
Egypt’s Finance Ministry announced offering up 35 state-owned companies in 19 sectors on IPO from October 2023 to June 2024,…
Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister
October 13, 2023
Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister
Egypt aims to raise the ratio of taxes to the gross domestic product in accordance with international standards, Finance Minister…
Gold prices rise in Egypt on Tuesday
October 11, 2023
Gold prices rise in Egypt on Tuesday
Gold prices in Egypt recorded a new jump on Tuesday after a period of gradual decline. According to the “iSagha”…
IMF lowers growth forecast for Egyptian economy to 3.6%
October 10, 2023
IMF lowers growth forecast for Egyptian economy to 3.6%
The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6…
Egyptian banks suspend debit card usage abroad
October 10, 2023
Egyptian banks suspend debit card usage abroad
Banks across Egypt have suspended debit cards in Egyptian pounds abroad to stop the drain of foreign currencies. A large…
Commodity prices in Egypt to be reduced on Saturday at the latest: PM
October 9, 2023
Commodity prices in Egypt to be reduced on Saturday at the latest: PM
The prices of seven major groups of commodities will be reduced by rates ranging from 15 percent to 25 percent…
US dollar price stabilizes on Monday in Egypt
October 9, 2023
US dollar price stabilizes on Monday in Egypt
The price of the US dollar continued to stabilize against the Egyptian pound on Monday at the Central Bank of…
Moody’s downgrades Egypt’s rating to Caa1 with stable outlook
October 6, 2023
Moody’s downgrades Egypt’s rating to Caa1 with stable outlook
The Moody’s credit ratings agency on Thursday lowered Egypt’s rating from B3 to Caa1, with a stable outlook. Moody’s attributed…
Egypt to see significant decrease in prices of 9 basic commodities soon: Official
October 5, 2023
Egypt to see significant decrease in prices of 9 basic commodities soon: Official
The Secretary General of the Federation of Chambers of Commerce, Alaa Ezz, announced a significant decrease in the prices of…