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Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
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Egyptian pound tumbles to LE30 against US dollar, breaking all previous records

The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…
CBE to receive billion dollars from RSF in January
Business

CBE to receive billion dollars from RSF in January

Informed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently…
Cabinet denies launch of app to grant citizens loans
Egypt

Cabinet denies launch of app to grant citizens loans

The Media Center of the Egyptian Cabinet denied rumors claiming that the Ministry of Communications was launching an application for…
Sudan seeks debt relief pledges, investment at Paris conference
Middle East

Sudan seeks debt relief pledges, investment at Paris conference

Sudan hopes to entice investors and secure pledges to pay off its arrears to the International Monetary Fund at a…
Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative
Business

Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative

The Central Bank of Egypt (CBE) on Sunday decided to expand the base of beneficiaries for its LE100 billion stimulus…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
Business

CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic

The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
As nations bicker, a greener future evolves in finance
Environment

As nations bicker, a greener future evolves in finance

Away from the toxic atmosphere at climate summit talks, in boardrooms, banks and trading houses, a transformation in green finance…
Assiut University first Egyptian university to apply student loan system
Egypt

Assiut University first Egyptian university to apply student loan system

The President of Assiut University, Tarek al-Gammal, announced the board’s approval on launching a student loan system in all faculties…
Sisi officially approves Egypt-EIB loan agreement
Egypt

Sisi officially approves Egypt-EIB loan agreement

President Abdel Fattah al-Sisi has approved a government agreement between Egypt and the European Investment Bank (EIB) on the Kitchener…
Saudi Arabia deposits $250 million in Sudan central bank
Middle East

Saudi Arabia deposits $250 million in Sudan central bank

DUBAI (Reuters) – Saudi Arabia has deposited $250 million into the central bank of Sudan to support its financial position,…
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