Exchange rate flexibility
US Dollar surpasses LE 53 amid global surge and regional tensions
Business
May 17, 2026
US Dollar surpasses LE 53 amid global surge and regional tensions
The US Dollar has crossed the LE 53 mark across several local Egyptian commercial banks. This upward movement is driven…
Egypt’s economic growth diminishes amid global commodity price shocks: IMF
Economy
April 17, 2026
Egypt’s economic growth diminishes amid global commodity price shocks: IMF
The International Monetary Fund (IMF) has reaffirmed its deepening programmatic engagement with Egypt, stating that the $8.1 billion Extended Fund…
Egypt awaits IMF decision on $1.2 billion loan disbursement
Business
February 7, 2025
Egypt awaits IMF decision on $1.2 billion loan disbursement
Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement…