Business
Dollar price in Egypt rises to LE48 up from LE42 last week
November 8, 2023
Dollar price in Egypt rises to LE48 up from LE42 last week
The price of the dollar rose against the Egyptian pound by at least five pounds, exceeding LE47 according to the…
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?
November 5, 2023
What does Fitch’s downgrading of Egypt’s credit rating and outlook mean?
For the second time in six months, Fitch Ratings on Friday moved to reduce Egypt’s sovereign rating for long-term debt…
Egypt implements new gasoline prices on Friday
November 3, 2023
Egypt implements new gasoline prices on Friday
Egypt’s Automatic Pricing Committee for Petroleum Products has moved to increase the prices of all types of gasoline. The decision…
CBE offers new instructions of credit cards outside Egypt
October 31, 2023
CBE offers new instructions 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 overcoming any…
AAIB provides new savings certificate with highest investment return in the market
October 30, 2023
AAIB provides new savings certificate with highest investment return in the market
The Arab African International Bank has offered its customers a savings certificate with the highest investment return in the banking…
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…