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 …
Economy
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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Visa and Western Union (WU) have signed a seven-year agreement allowing WU customers to receive money from their loved ones and friends in 40 countries across five regions through eligible …
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Officials and bankers said that Egyptians working abroad have begun sending more money home since the country sharply devalued its currency last week. It is worth noting that on …
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Banks in Egypt have started raising the withdrawal limits on credit cards, that were put in place to preserve scarce foreign currency liquidity in the banking system over recent years. …
