Business
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
July 19, 2023
Egypt projects US$18 billion increase in GDP by 2050 due to green hydrogen
The Information and Decision Support Center of the Egyptian Cabinet issued a report where it predicted a rise in Egypt’s…
IMF welcomes outcomes of Egypt government IPO program
July 17, 2023
IMF welcomes outcomes of Egypt government IPO program
The International Monetary Fund‘s spokesperson Julie Kozack welcomed the Egyptian government’s announcement that it had signed contracts to sell stakes…
US dollar price across Egypt stabilizes by weekend
July 14, 2023
US dollar price across Egypt stabilizes by weekend
The price of the US dollar stabilized on Friday, July 14 coinciding with the weekly holiday for government and private…
CBE issues licensing regulations for digital banks
July 13, 2023
CBE issues licensing regulations for digital banks
The Central Bank of Egypt (CBE) on Wednesday issued rules for licensing, registering, and supervising digital banks, which represents an…
Egypt announces plan to attract $1.9 bln, eyeing total revenues of $191 bln by 2026 : Prime Minister
July 12, 2023
Egypt announces plan to attract $1.9 bln, eyeing total revenues of $191 bln by 2026 : Prime Minister
The Egyptian government will exit a number of government companies, garnering a total of $1.9 billion, Prime Minister Mostafa Madbouly…
First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
July 12, 2023
First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
Minister of Petroleum Tarek al-Molla witnessed the delivery of the first oil rig manufactured at the Egyptian-Chinese Drilling Company in…
US dollar price rises Wednesday in Egyptian banks
July 12, 2023
US dollar price rises Wednesday in Egyptian banks
The US dollar price rose in Egypt at some banks on Wednesday while the exchange rates of Arab currencies stabilized.…
Egypt’s government is not doing enough to curb inflation: Expert
July 11, 2023
Egypt’s government is not doing enough to curb inflation: Expert
Economic expert Mostafa Badra said on Monday that the Egyptian government is not doing enough to confront high inflation at…
Will Egypt raise key interest rates?
July 11, 2023
Will Egypt raise key interest rates?
Economic experts anticipate the Central Bank of Egypt to fix interest rates during its next meeting, despite the US Federal…
Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
July 10, 2023
Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
The volume of e-commerce in Egypt has increased to US$30 billion, said the CEO and Managing Director of United Bank,…