Business

Moody’s downgrades Egypt’s rating to Caa1 with stable outlook

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

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…
How to open a US dollar account in Egypt’s banks

How to open a US dollar account in Egypt’s banks

Opening an account in the US dollar is a service that government and private banks provide to enable their customers…
US dollar price stabilizes on Tuesday

US dollar price stabilizes on Tuesday

The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, October 3, at the Central…
AAIB launches savings certificate with highest investment return among banks

AAIB launches savings certificate with highest investment return among banks

The Arab African International Bank launched a new savings certificate with the highest investment return in the banking market, the…
Currency exchange between Egypt, China and UAE to start in 2024

Currency exchange between Egypt, China and UAE to start in 2024

The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
How will Egypt benefit from the currency swap agreement with UAE?

How will Egypt benefit from the currency swap agreement with UAE?

Economists have touched on the various advantages the Egyptian economy may receive from the currency swap agreement signed on Thursday…
Egyptian businessmen, Japanese officials discuss cooperation

Egyptian businessmen, Japanese officials discuss cooperation

The Tourism Committee of the Egyptian Businessmen Association held a public symposium with the Japanese ambassador to Cairo, Oka Hiroshi,…
Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt

Italy installs six grain storage silos after cancelling $100 mln in debt owed by Egypt

The Italian Ambassador to Cairo, Michele Quaroni, announced on Sunday that Italy has cancelled US$100 million of debts owed by…
US dollar price stabilizes on Monday

US dollar price stabilizes on Monday

The price of the US dollar continued to stabilize against the Egyptian pound, on Monday at the Central Bank of…
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