Mashreq Egypt, in collaboration with Visa, a world leader in digital payments (“Visa”), proudly announces the launch of the Mashreq NEO Visa Card, marking a significant leap forward in the …
Economy
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Celebration DayEconomy
Banks to Suspend Work Tomorrow on Occasion of Sinai Liberation Day
by Nada Khaledby Nada KhaledThe Central Bank of Egypt (CBE) has issued a statement declaring that all Egyptian banks operating in Egypt will remain closed on Thursday, April 25, in honor of the Sinai …
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On Wednesday, April 24, 2024, the Egyptian Pound (EGP) faced a decline against the US Dollar (USD) in the early hours of the market, leading to rate adjustments by various …
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Economy
World Bank Spring Meetings: New Platform Streamlines Development Financing for Global Projects
by Mona Yousefby Mona YousefEgypt’s Minister of International Cooperation and Governor for the World Bank Group, Rania Al-Mashat, contributed to launching a groundbreaking joint financing platform at the recent International Monetary Fund (IMF) and …
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EconomyNews
Shell and Partners Agree to Develop 11th Phase in the West Delta Deep Marine Concession
by Nada Khaledby Nada KhaledShell Egypt (BG Delta Limited) a subsidiary of Shell plc., and its partners; the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and Petronas agreed to …
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Economy
Dollar Price Rate Remains Steady at Sunday’s Early Transactions
by Nada Khaledby Nada KhaledDuring the early trading hours of Sunday, April 21, 2024, the Egyptian Pound (EGP) stayed flat versus the US Dollar. This stability was witnessed across Egypt’s major banks, including the …
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Economy
The Potcast Productions Acquires Early Financing to Branch Out in UAE, Saudi Arabia
by Nada Khaledby Nada KhaledThe Potcast Productions Company (TPP), the leader in podcast production in the Middle East and North Africa region, joyfully shares its accomplishment of successfully concluding an early financing round. This …
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Economy
National Dialogue Recommendations Take Root in Egyptian Policy Landscape
by Mona Yousefby Mona YousefEgypt has begun implementing recommendations from its National Dialogue, a forum that brought together diverse stakeholders to tackle the country’s most pressing social and economic issues. This initiative aims to …
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Economy
Qalaa Holdings Inks Debt Settlement Agreement with 4 Major Egyptian Banks
by Nada Khaledby Nada KhaledQalaa Holdings, a leader in energy and infrastructure (CCAP.CA on the Egyptian Exchange), recently announced that it has signed a debt settlement agreement with Banque Misr, Banque du Caire, Arab …
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Economy
CBE Cancels Maximum Bank Deposit & Increases Withdrawal Limit to EGP 150,000
by Nada Khaledby Nada KhaledThe Central Bank of Egypt (CBE) has lifted the withdrawal limit for individuals and companies. This new resolution, issued today, applies to withdrawals and deposits made through bank branches or …