Business

CBE extends exemption for individuals on transfer fees via InstaPay

CBE extends exemption for individuals on transfer fees via InstaPay

The Board of Directors of the Central Bank of Egypt issued several decisions that include extending the exemption of customers…
US dollar exchange rate in Egypt remains stable on Saturday

US dollar exchange rate in Egypt remains stable on Saturday

The US dollar exchange rate against the Egyptian pound remained stable in banks on Saturday. The greenback maintained its latest…
US dollar exchange rate against Egyptian pound at major banks on Friday

US dollar exchange rate against Egyptian pound at major banks on Friday

On Friday, the Egyptian pound exhibited renewed stability against the US dollar, holding onto its most recent decline as reflected…
US dollar and Arab currencies weaken slightly against Egyptian Pound

US dollar and Arab currencies weaken slightly against Egyptian Pound

The US dollar experienced a minor dip on Thursday, during mid-day trading at the National Bank of Egypt (NBE). Both…
Valu issues LE 10 billion securitization bonds

Valu issues LE 10 billion securitization bonds

The financial services technology platform Valu announced on Tuesday the completion of the 13th securitization bond issuance worth LE519.2 million,…
Remittances from Egyptian expats at US$23.7 billion from January to October: CBE

Remittances from Egyptian expats at US$23.7 billion from January to October: CBE

The Remittances of Egyptians working abroad has achieved successive leaps following the reform measures in March, increasing during October by…
Egypt to be among the largest economies in the world by 2075: Report

Egypt to be among the largest economies in the world by 2075: Report

A recent economic report monitoring the conditions of several African countries predicts that Egypt will become among the largest economies…
Expert explains reasons for rise of US dollar exchange rate

Expert explains reasons for rise of US dollar exchange rate

Banking expert, Mohamed Abdel-Aal said that the rise in the dollar exchange rate on Monday at some banks is due…
Global economic slowdown in 2024 – Cabinet Center

Global economic slowdown in 2024 – Cabinet Center

The Cabinet’s Information and Decision Support Center said on Sunday 22/12/2024 a global economy slowdown was reported in 2024 prompted…
European Union announces soft loan of one billion euros for Egypt

European Union announces soft loan of one billion euros for Egypt

The European Union (EU) announced that it has decided to disburse a soft loan worth LE53 billion (one billion euros)…
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