Business
IMF to review Egypt’s reform program twice in September
August 13, 2023
IMF to review Egypt’s reform program twice in September
A former advisor to the International Monetary Fund (IMF) Fakhry al-Fiqi said Saturday that the second review to the Egyptian…
Egypt under review for downgrade by Moody’s for 3 months
August 11, 2023
Egypt under review for downgrade by Moody’s for 3 months
The Egyptian Ministry of Finance issued an urgent statement on Friday commenting on Moody’s, the global credit rating agency’s decision…
Financial performance indices of FY 2022/23 good despite global crises – Min.
August 11, 2023
Financial performance indices of FY 2022/23 good despite global crises – Min.
The financial performance indices of the fiscal year 2022-2023 were good despite the current global challenges and crises, Finance Minister…
India to invest $4 billion in production of green hydrogen in Egypt
August 9, 2023
India to invest $4 billion in production of green hydrogen in Egypt
India’s Ocior Energy company has signed contracts to invest four billion dollars into the production of green hydrogen in the…
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
August 7, 2023
Egypt’s gold reserves at $7.9 billion by the end of July: CBE
The Central Bank of Egypt announced that the value of gold listed in foreign exchange reserves by the end of…
Now is a good time to buy gold, says Egyptian commerce official
August 7, 2023
Now is a good time to buy gold, says Egyptian commerce official
The head of the Jewelry and Gold Division at the Federation of Egyptian Chambers of Commerce Hany Milad announced Saturday…
Will Egyptian banks offer new high-yield CDs?
August 5, 2023
Will Egyptian banks offer new high-yield CDs?
Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
CBE raises interest rates by 100 basis points
August 4, 2023
CBE raises interest rates by 100 basis points
The Monetary Policy Committee of the Central Bank of Egypt during its Thursday meeting raised overnight interest rates by 100…
US dollar continues to be stable in Egypt on Wednesday
August 2, 2023
US dollar continues to be stable in Egypt on Wednesday
The price of the US dollar stabilized against the Egyptian pound in government and private banks on Wednesday, August 2.…
Egyptian pound to be devalued in September/October: Morgan Stanley
August 2, 2023
Egyptian pound to be devalued in September/October: Morgan Stanley
US investment bank Morgan Stanley anticipates that the Egyptian pound’s exchange rate against foreign currencies will further decline during September…