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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…
US dollar price stabilizes on Tuesday

US dollar price stabilizes on Tuesday

The price of the US dollar continued to stabilize against the Egyptian pound, on Tuesday, October 3, at the Central…
AAIB launches savings certificate with highest investment return among banks

AAIB launches savings certificate with highest investment return among banks

The Arab African International Bank launched a new savings certificate with the highest investment return in the banking market, the…
Currency exchange between Egypt, China and UAE to start in 2024

Currency exchange between Egypt, China and UAE to start in 2024

The Central Bank of Egypt will begin activating the exchange agreement between the pound, the Chinese yuan, and the UAE…
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