Business
IMF lowers growth forecast for Egyptian economy to 3.6%
October 10, 2023
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
October 10, 2023
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
October 9, 2023
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
October 9, 2023
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
October 6, 2023
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
October 5, 2023
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
October 4, 2023
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
October 3, 2023
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
October 2, 2023
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
October 1, 2023
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…