money

No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson
Business

No major devaluation planned for the Egyptian Pound: Cabinet Spokesperson

Cabinet Spokesperson Counselor Mohamed al-Hamasy stated that Prime Minister Mostafa Madbouly clearly indicated in the weekly press conference that Egypt…
US dollar and other currencies weaken against the Egyptian pound on Thursday
Business

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…
Finance Minister says Egypt’s economic situation “reassuring”
Business

Finance Minister says Egypt’s economic situation “reassuring”

Finance Minister Ahmed Kouchouk affirmed Friday 20/9/2024 that Egypt’s economic situation is “reassuring” as reflected in positive budget performance indicators…
Egypt amongst top 10 countries borrowing the most from the International Monetary Fund
Economy

Egypt amongst top 10 countries borrowing the most from the International Monetary Fund

The main stated goal of the International Monetary Fund (IMF) is to help countries overcome their economic problems and to…
Egyptian Stock Exchange registers record gains in May 2024, main index jumps 10.12 percent
Economy

Egyptian Stock Exchange registers record gains in May 2024, main index jumps 10.12 percent

The Egyptian Stock Exchange achieved record gains in May 2024, supported by strong purchases of stocks in many sectors against…
NilePreneurs: LE2bn increase in sales of beneficiary companies within 5 years
Egypt

NilePreneurs: LE2bn increase in sales of beneficiary companies within 5 years

The NilePreneurs Initiative, which is powered by the Central Bank of Egypt (CBE) and the banking sector, Saturday 10/02/2024 said…
Banking expert explains differences between clean and dirty float
Economy

Banking expert explains differences between clean and dirty float

Banking expert Hany Abul-Fotouh explained that the exchange rate policies followed globally involve either linking the country’s currency to another…
IMF determines agreement with Egypt regarding tranches of existing loan and additional financing
Main Slider

IMF determines agreement with Egypt regarding tranches of existing loan and additional financing

The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour, said that…
“Prices increase every hour” – MP calls on strict mechanisms against inflation in Egypt
Business

“Prices increase every hour” – MP calls on strict mechanisms against inflation in Egypt

A member of the House of Representatives, Abu Abbas Farhat Turki, a submitted a briefing request to the Speaker of…
GAFI head: Egypt ranked first in Africa in terms of incoming foreign direct investments in 2022
Business

GAFI head: Egypt ranked first in Africa in terms of incoming foreign direct investments in 2022

CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba said Egypt was ranked first in Africa…
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