Economy

The Kuwaiti Alshaya Group, a key regional operator overseeing renowned brands such as American Eagle, H&M, and Victoria’s Secret, decided to scale down operations in Egypt, closing some stores in …

The Egyptian Social Housing Fund and the Commercial International Bank (CIB) signed a new protocol to offer mortgage financing services to low and middle-income citizens. According to Amwal Al-Ghad, the …

Egypt’s mediation role in the Israel-Hamas conflict in Gaza is expected to attract foreign financial support, exceeding $5 billion, according to Fitch Solutions’ BMI. Inflation is expected to slow down, …

As part of its comprehensive strategy to bolster the tech infrastructure, the Egyptian Exchange (EGX) has announced its forthcoming launch of an advanced electronic disclosure system by 2025; as part …

In Egypt’s parallel market, the US dollar has reached a new high of EGP 57, while the price of gold experienced significant jumps at the beginning of the week. Various …

Nevine El-Kabbaj, Minister of Social Solidarity and Chairperson of Nasser Social Bank’s Board of Directors, announced the launch of the “Day by Day Account,” an investment account with an annual …

The Minister of International Cooperation, Rania Al Mashat, held a meeting with the Vice President of the New Development Bank, Vladimir Kazbekov, and his delegation to strengthen cooperation in various …

Several Egyptian banks had lowered foreign currency credit card spending limitations. The CIB decreased the monthly foreign currency cash withdrawal limit to EGP 2,000 for the lowest card segments and …

According to a cabinet statement on Saturday, Minister of International collaboration Rania Al-Mashat met with President of the World Bank Group (WBG) Ajay Banga to discuss future collaboration and the …

Egypt’s Finance Minister, Mohamed Maait, stated that the Egyptian government mulls upgrading an all-inclusive social protection package to include wage and pension adjustments and an increase in the tax exemption …