The Ministry of Finance in Egypt reported that tax revenues surged by 27.5% during the Q1 of current fiscal year, reaching LE 250 billion.
12.10.2023 EgyptToday
Moody's Corporation, the bond credit rating business, has downgraded five Egyptian banks in light of the country's declining debt affordability. The news came after the organisation downgraded the country's sovereign rating.
12.10.2023 Reuters
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies.
12.10.2023 Ahram Online
The International Monetary Fund has reduced its growth forecast for the Egyptian economy in the fiscal year 2023-2024 to 3.6%, down from its previous estimate of 4.1%.
11.10.2023 egyptindependent.com
CBE is expected to reach an agreement with the IMF in early 2024 to peg the pound to a basket of international currencies and gold.
11.10.2023 Ahram Online
Egypt's annual urban consumer price inflation escalated to a record high of 38% in September, exceeding analyst predictions and up from 37.4% in August, according to data from CAPMAS.
11.10.2023 Reuters
The annual meetings (autumn meetings) of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off on Tuesday in Marrakech.
10.10.2023 Ahram Online
The price of the US dollar remained stable against the Egyptian pound on Monday according to the Central Bank of Egypt and other banks. Click to read more about the currency rates.
10.10.2023 Egypt Independent
Program for Pre-Series A and Series A Startups Begins with 3-Day Founder Retreat.
10.10.2023 Zawya
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per CBE instructions.
10.10.2023 Ahram Online
