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Egyptian expert predicts ease to US dollar shortage in the next year

Egyptian expert predicts ease to US dollar shortage in the next year

Economic expert Hany Geneina shot down recent news that the Egyptian pound is going the same fate of the Sudanese…
US dollar price rises in Egypt on Friday

US dollar price rises in Egypt on Friday

On Friday, December 16, the price of the US dollar rose against the Egyptian pound, in most banks operating in…
New ’Narges’ gas field discovered in Egypt’s Mediterranean waters

New ’Narges’ gas field discovered in Egypt’s Mediterranean waters

Egyptian Petroleum Minister, Tariq al-Mulla, announced that Egypt has discovered a new gas field in the Mediterranean Sea, which is…
Price hike crisis to be addressed in two weeks from now: PM

Price hike crisis to be addressed in two weeks from now: PM

The government has set a plan to address the problem of price hikes. These plans are set to gonin motion…
After raising interest rate by 50 bps, what will be the impact of the US Fed Reserve’s decision on Egypt?

After raising interest rate by 50 bps, what will be the impact of the US Fed Reserve’s decision on Egypt?

The Federal Reserve abandoned an unprecedented series of decisions to raise interest rates by 75 basis points. This happened over…
US dollar price stabilizes on Wednesday in Egypt

US dollar price stabilizes on Wednesday in Egypt

On Wednesday, December 14, the price of the US dollar stabilized against the Egyptian pound, in most banks operating in…
US dollar price on Tuesday in Egypt

US dollar price on Tuesday in Egypt

On Tuesday, December 13, the price of the US dollar rose against the Egyptian pound, in most banks operating in…
Bloomberg: PIF prepares to acquire a bank in Egypt

Bloomberg: PIF prepares to acquire a bank in Egypt

The Saudi Public Investment Fund is in advanced talks for the acquisition of The United Bank, which is owned by…
Finance Ministry refutes rumors on US dollar rate reaching LE40

Finance Ministry refutes rumors on US dollar rate reaching LE40

During a phone-in with Sada al-Balad channel on Thursday, Maait touched on rumors on social media regarding the rise in…
IMF stresses need to maintain flexibility of exchange rate in Egypt

IMF stresses need to maintain flexibility of exchange rate in Egypt

Deputy Director of the Fiscal Affairs Department of the International Monetary Fund, Katherine Baer, stressed the need to maintain the…
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