Business
CBE offers new instructions to facilitate use of credit cards outside Egypt
October 29, 2023
CBE offers new instructions to facilitate use of credit cards outside Egypt
The Central Bank of Egypt issued new instructions to facilitate the use of credit cards abroad, with the aim of…
Egypt bourse indexes post collective gains
October 24, 2023
Egypt bourse indexes post collective gains
CAIRO, Oct 22 (MENA) – Egyptian Exchange (EGX) indexes posted collective gains at the close of Sunday’s trading sessions, backed…
Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘
October 23, 2023
Standard & Poor’s lowers Egypt’s credit rating to ‘B-‘
Global rating agency Standard & Poor’s on Friday downgraded Egypt’s long-term sovereign rating to “B-” from “B” – indicating increased…
Suez Canal announces 15% increase in crossing fees by mid-January
October 18, 2023
Suez Canal announces 15% increase in crossing fees by mid-January
The Suez Canal Authority announced a 15 percent increase in regular transit fees on ships tanking crude oil, petroleum derivatives,…
Banking expert explains CBE’s new decision on usage of credit cards abroad
October 18, 2023
Banking expert explains CBE’s new decision on usage of credit cards abroad
Banking expert Mohamed Abdel-al explained that the Central Bank of Egypt’s decision to activate the maximum credit limit granted to…
How currency swap agreements are used to confront financial crises
October 17, 2023
How currency swap agreements are used to confront financial crises
Currency swap agreements have recently become an alternative method to confront financial crises, according to a research paper prepared by…
US dollar price stabilizes on Tuesday in Egypt
October 17, 2023
US dollar price stabilizes on Tuesday in Egypt
The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, at the Central Bank of…
Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan
October 17, 2023
Egypt becomes first MENA country to issue ‘panda bonds’ in Chinese market for 3.5 bln yuan
Egypt has become the first nation in the Middle East and Africa to issue sustainable international “panda bonds” on the…
Egypt’s gold prices decline on Monday
October 16, 2023
Egypt’s gold prices decline on Monday
Gold prices saw a noticeable decline on Monday during mid-trading. The most popular 21 carat gold fell by about LE30…
Maait: Geopolitics tensions led to rising cost of living
October 15, 2023
Maait: Geopolitics tensions led to rising cost of living
Finance Minister Mohamed Maait said the ministry is seeking to receive a realistic and analytical vision from international financial institutions…