Business
Will the Central Bank of Egypt’s decision to fix interest rate be reflected in prices?
December 23, 2023
Will the Central Bank of Egypt’s decision to fix interest rate be reflected in prices?
The Central Bank of Egypt on Thursday moved to fix the base interest rate at its eighth and final meeting…
Egypt announces its readiness for a new plan with the International Monetary Fund
December 22, 2023
Egypt announces its readiness for a new plan with the International Monetary Fund
Egyptian Prime Minister Mostafa Madbouly said that discussions with the International Monetary Fund (IMF) have not stopped, and emphasized that…
“Prices increase every hour” – MP calls on strict mechanisms against inflation in Egypt
December 21, 2023
“Prices increase every hour” – MP calls on strict mechanisms against inflation in Egypt
A member of the House of Representatives, Abu Abbas Farhat Turki, a submitted a briefing request to the Speaker of…
Egypt’s foreign financing decreases by more than a third in 2023
December 19, 2023
Egypt’s foreign financing decreases by more than a third in 2023
Egypt received US$8.8 billion in external financing for the government and private sectors in 2023, a decrease of 35.7 percent…
With the maturity of 25% CDs approaching, will banks offer up new savings pots?
December 18, 2023
With the maturity of 25% CDs approaching, will banks offer up new savings pots?
The term for the high-yield certificates of deposits from the National Bank of Egypt and Banque Misr offered this January…
After a 15 day pause, Egypt’s banks resume fees on issuing cards and opening accounts
December 18, 2023
After a 15 day pause, Egypt’s banks resume fees on issuing cards and opening accounts
Banks operating in Egypt on Sunday resumed collecting fees on opening accounts (current or savings), adhering to the minimum account…
Dollar rates stable at start of Tuesday’s transactions
December 12, 2023
Dollar rates stable at start of Tuesday’s transactions
The dollar exchange rate was stable at the start of Tuesday’s transactions at Egypt’s major banks. At the National Bank…
CAPMAS: Annual inflation declines to 36.4 percent in November
December 11, 2023
CAPMAS: Annual inflation declines to 36.4 percent in November
Egypt’s annual core inflation rate declined to 36.4 percent in November 2023 from 38.5 percent in October, according to the…
Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report
December 8, 2023
Inflation in Egypt expected to decrease in 2024 due to Egyptian pound movement: report
The exchange rate of the Egyptian pound is likely to decline by about 30 percent during the first quarter of…
Why net-zero can mean net profit
December 7, 2023
Why net-zero can mean net profit
Exclusive content: At the upcoming global stocktake at COP28, the UN’s annual climate change conference, the world’s attention will focus…