Economy

Egypt’s Minister of International Cooperation, Rania Al-Mashat,  met with key representatives from the World Bank Group and the Japan International Cooperation Agency (JICA) during the Spring Meetings in Washington D.C. …

In a move to bolster Egypt’s economic stability, the European Union (EU) pledged €1 billion ($1.07 billion) in short-term financial aid on Friday. This aid comes as Egypt grapples with …

The Egyptian Pound (EGP) rose somewhat versus the US Dollar (USD) in early trade on Monday, April 15, 2024. The National Bank of Egypt, the Commercial International Bank (CIB), and …

The Minister of Environment, Yasmine Fouad, has highlighted the remarkable growth of the environmental sector in Egypt during the current administration’s tenure under President Abdel Fattah El Sisi. According to …

Egypt’s Finance Minister, Mohamed Maait, outlined a multi-pronged approach to achieve economic stability and sustainable growth. The strategy prioritizes fiscal discipline, targeted social investment, and gender equality. In this regard, …

An update has been made in line with the recent decision by the Egyptian government and the Central Bank of Egypt to raise interest rates by 6% on March 6. …

The Egyptian government has completed the development of a new mobile phone application called “Price Radar,” which is set to launch in July. This app allows users to search for …

In light of the upcoming Eid Al-Fitr festivities, the Central Bank of Egypt (CBE) has announced that it will temporarily suspend the operations of all banks in Egypt from April …

Fintech Egypt, a division of the Central Bank of Egypt, recently launched an event called “Women for Women in FinTech”. The main objective of this event is to provide innovative …

At the end of yesterday’s trading, the average US dollar price in banks slightly dropped to reach EGP 47.11 for buying and EGP 47.21 for selling. MIDBANK recorded the highest …