Economy

House of Representatives approves increasing Egypt’s share in the IMF

House of Representatives approves increasing Egypt’s share in the IMF

The House of Representatives approved during a plenary session on Monday increasing Egypt’s share in the International Monetary Fund by…
Egypt eyes $15 billion African export market by 2025

Egypt eyes $15 billion African export market by 2025

Amr al-Samadoni, Secretary-General of the International Transport and Logistics Division, emphasized the need for a specific plan to develop the…
US dollar exchange rate against Egyptian pound at major banks

US dollar exchange rate against Egyptian pound at major banks

The Egyptian pound maintained its stability against the US dollar on Friday, following a decline on Thursday. Below is a…
PM attends opening of 48th session of Council of Arab Central Banks

PM attends opening of 48th session of Council of Arab Central Banks

Prime Minister Moustafa Madbouly attended Monday the opening of the 48th regular session of the Council of Arab Central Banks…
Central Bank of Egypt to meet on October 17 over interest rate

Central Bank of Egypt to meet on October 17 over interest rate

The Central Bank of Egypt’s next decision on the interest rate has been highly awaited since the US Federal Reserve…
Arab investments flood Egypt, offering economic lifeline

Arab investments flood Egypt, offering economic lifeline

The Central Bank of Egypt (CBE) revealed that Egypt had attracted a net inflow of Arab investments totaling $18.55 billion…
US dollar exchange prices at Egypt banks

US dollar exchange prices at Egypt banks

The US dollar exchange rate against the Egyptian pound reached stable rates on Sunday, at the beginning of trading on…
US dollar and other currencies weaken against the Egyptian pound on Thursday

US dollar and other currencies weaken against the Egyptian pound on Thursday

The Egyptian pound has gained significant strength against major currencies on Thursday. In mid-day trading at the National Bank of…
Gold up 6.4% since the beginning of September

Gold up 6.4% since the beginning of September

Gold prices have risen by 6.4 percent since the beginning of September, on track to record its third consecutive monthly…
Egypt sets new record in exports for engineering goods

Egypt sets new record in exports for engineering goods

The Egyptian Engineering Export Council has announced a significant 27.3 percent increase in the sector’s exports from January to August,…
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