Economy

Prime Minister Mostafa Madbouly has announced a joint effort with traders and manufacturers to lower commodity prices. The initiative aims to achieve a significant price reduction of 15 to 20 …

The Most Noble Number charity auction for special numbers, held this evening in Dubai, raised a total of AED 38.095 million that will go fully to supporting the Mothers’ Endowment …

The Central Bank of Egypt (CBE) recently released the key financial soundness metrics for Egyptian banks as of the end of 2023. According to a new report, CBE noticed a …

Egypt’s Minister of International Cooperation, Rania Al-Mashat, praised the constructive partnership between Egyptian institutions at both the governmental and private sector levels and the African Export-Import Bank “Afreximbank” for its …

The Central Bank of Egypt (CBE) announced the cancellation of its Monetary Policy Committee (MPC) meeting scheduled for March 28, 2024 [reuters.com]. This decision comes after a significant interest rate …

European Union and Egyptian President Abdel Fattah al-Sisi signed an 8-billion-dollar aid package for the country yesterday in Cairo, according to the “World” website. The package includes both grants and …

S&P Global Ratings follows Moody’s in recognizing Egypt’s economic turnaround, upgrading the country’s credit outlook from stable to positive. This positive revision stems from decisive actions by Egyptian authorities to …

Rania Al-Mashat, the Minister of International Cooperation and Governor of Egypt to the World Bank Group, has made an announcement pertaining to the long-term strategic partnership between the World Bank …

The European Union has signed a deal with Egypt to broaden its collaboration. This agreement includes funding of 7.4 billion euros ($8.06 billion) from 2024 to 2027. This financial support …

On Sunday, the dollar fell from EGP 50.70 in some banks to EGP 47.76 to buy and EGP 47.90 to sell. Today, the dollar price at the Central Bank of …