Business
The value of Egyptian international bonds rises after the Central Bank’s decision: Reuters
March 7, 2024
The value of Egyptian international bonds rises after the Central Bank’s decision: Reuters
Egypt’s international bonds increased more than two cents following the Central Bank of Egypt‘s Wednesday decision to raise interest rates…
Egypt allows exchange rate to be determined by market mechanisms: CBE
March 6, 2024
Egypt allows exchange rate to be determined by market mechanisms: CBE
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided on Wednesday to allow the exchange rate to…
Egypt plans to increase US dollar proceeds: Official
March 5, 2024
Egypt plans to increase US dollar proceeds: Official
Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government has a plan to increase US dollar proceeds by raising investments…
Egypt sees significant decline in US dollar exchange rate at the black market
March 3, 2024
Egypt sees significant decline in US dollar exchange rate at the black market
The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to…
Fitch expects inflation rates in Egypt to decline on annual basis
March 2, 2024
Fitch expects inflation rates in Egypt to decline on annual basis
The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal
March 2, 2024
Egypt receives US$ 10 billion from Ras al-Hikma deal
Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…
Central Bank of Egypt offers LE60 bln in Treasury bills
March 1, 2024
Central Bank of Egypt offers LE60 bln in Treasury bills
The Central Bank of Egypt (CBE) offered LE60 billion in Treasury bills on Thursday through two tenders. The first tender…
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
February 29, 2024
Second tranche of Ras al-Hikma deal expected to be deposited on Friday: Sisi
Egypt has received the first tranche of funds pledged by the UAE from a total of $35 billion. President Abdel…
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
February 29, 2024
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, said that Egypt’s announcement on Friday of a $35…
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
February 28, 2024
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
Emirati businessman Khalaf al-Habtoor renewed his desire to invest in the Regal Heights Hotel, the largest hotel in the el-Alamein…