Business

Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024

Egypt puts 35 state-owned companies in 19 sectors on IPO until June 2024

Egypt’s Finance Ministry announced offering up 35 state-owned companies in 19 sectors on IPO from October 2023 to June 2024,…
Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister

Egypt aims to raise ratio of taxes to GDP without overburdening citizens: minister

Egypt aims to raise the ratio of taxes to the gross domestic product in accordance with international standards, Finance Minister…
Gold prices rise in Egypt on Tuesday

Gold prices rise in Egypt on Tuesday

Gold prices in Egypt recorded a new jump on Tuesday after a period of gradual decline. According to the “iSagha”…
IMF lowers growth forecast for Egyptian economy to 3.6%

IMF lowers growth forecast for Egyptian economy to 3.6%

The International Monetary Fund lowered its growth forecast for the Egyptian economy during the current fiscal year 2023-2024 to 3.6…
Egyptian banks suspend debit card usage abroad

Egyptian banks suspend debit card usage abroad

Banks across Egypt have suspended debit cards in Egyptian pounds abroad to stop the drain of foreign currencies. A large…
Commodity prices in Egypt to be reduced on Saturday at the latest: PM

Commodity prices in Egypt to be reduced on Saturday at the latest: PM

The prices of seven major groups of commodities will be reduced by rates ranging from 15 percent to 25 percent…
US dollar price stabilizes on Monday in Egypt

US dollar price stabilizes on Monday in Egypt

The price of the US dollar continued to stabilize against the Egyptian pound on Monday at the Central Bank of…
Moody’s downgrades Egypt’s rating to Caa1 with stable outlook

Moody’s downgrades Egypt’s rating to Caa1 with stable outlook

The Moody’s credit ratings agency on Thursday lowered Egypt’s rating from B3 to Caa1, with a stable outlook. Moody’s attributed…
Egypt to see significant decrease in prices of 9 basic commodities soon: Official

Egypt to see significant decrease in prices of 9 basic commodities soon: Official

The Secretary General of the Federation of Chambers of Commerce, Alaa Ezz, announced a significant decrease in the prices of…
How to open a US dollar account in Egypt’s banks

How to open a US dollar account in Egypt’s banks

Opening an account in the US dollar is a service that government and private banks provide to enable their customers…
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