Economy

The Central Bank of Egypt (CBE) has just issued new rules for customers who do not provide proof of use for their credit cards abroad within 90 days of using …

  Egypt’s Prime Minister, Dr. Mostafa Madbouly, will chair a high-level delegation to the World Governments Summit in Dubai. He underscores Egypt’s commitment to international collaboration in addressing pressing economic …

The CIB Foundation, led by Executive Vice President and Managing Director Amr El-Ganini, has reached an agreement with the Raei Misr Organisation for Development to fund the second phase of …

Cairo, Egypt – 11 February 2024:  Visa, a world leader in digital payments, announced the signing of a Memorandum of Understanding (MoU) with Egyptian Banks Co. for Technological Advancements (EBC), …

Despite a slowdown in funding for African startups in 2024, there are signs of underlying growth and promise, particularly in Egypt. Data from the “Africa: The Big Deal” report reveals …

Saudi Arabia’s Savola Group intends to distribute its entire 34.52% shareholding in regional dairy giant Almarai to eligible Savola shareholders. The distribution will follow a 6 billion riyals ($1.6 billion) …

Chairman Jun Su Jung revealed that Samsung Electronics’ exports from Egypt amount to $700 million during his meeting with Egyptian Prime Minister Mostafa Madbouly. He added that the company is …

Egypt’s Prime Minister, Mostafa Madbouly, stated that Egypt is looking for expanded cooperation with the World Bank. During a recent meeting with World Bank officials, Madbouly stressed Egypt’s commitment to …

The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars. The CBE put the total reserves of foreign currencies …

The Egyptian pound has experienced a soaring by 39% against the US dollar within a few days. This dramatic rise has driven down the exchange rate of the US currency …