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CBE to decide on interest rate on September 21

CBE to decide on interest rate on September 21

The Monetary Policy Committee of the Central Bank of Egypt is scheduled to hold its sixth meeting for 2023 on…
US dollar price stabilizes on Tuesday

US dollar price stabilizes on Tuesday

The US dollar price remained stable against the Egyptian pound on Tuesday at the Central Bank of Egypt and government…
Egypt’s annual inflation rate rises to 39.7%

Egypt’s annual inflation rate rises to 39.7%

The Central Agency for Public Mobilization and Statistics (CAPMAS) in Egypt announced that the annual inflation rate rose to 39.7…
Politician proposes selling state-owned sports clubs to pay off Egypt’s debts

Politician proposes selling state-owned sports clubs to pay off Egypt’s debts

The representative of the Free Egyptians Party at the National Dialogue, Mohamed Khalil Badra, proposed selling state-owned assets such as…
US dollar price stabilizes in Egypt on Wednesday

US dollar price stabilizes in Egypt on Wednesday

The US dollar price remained stable against the Egyptian pound at the Central Bank of Egypt and government and private…
At least 15% of Banque du Caire shares to be offered for sale at $1 mln: former banker

At least 15% of Banque du Caire shares to be offered for sale at $1 mln: former banker

The Former Vice President of Banque Misr, Sahar al-Damaty, anticipates that around 15 to 20 percent of the shares of…
Egypt’s currency expected to be devalued after presidential elections

Egypt’s currency expected to be devalued after presidential elections

Former Assistant Finance Minister Sherine al-Shawarby on Tuesday announced that a new devaluation for the Egyptian pound is expected after…
Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas: official

Twenty oil wells drilled in the Zohr field, daily production at 2.2 billion cubic feet of gas: official

Twenty oil wells have been drilled in the Zohr gas field while several others are currently being drilled, as the…
In a first, Egypt establishes real estate bourse

In a first, Egypt establishes real estate bourse

The government has announced the establishment of a bourse to promote the sale of real estate, taking advantage of the…
Eni plans to inject US$7.7 billion towards new investments in Egypt

Eni plans to inject US$7.7 billion towards new investments in Egypt

Italian company Eni plans to inject upwards of US$7.7 billion into new investments in Egypt during the next four years,…
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