Finance News

The Egyptian pound dropped from a level of 30 pounds per dollar to 49.50. Traders said the surprise move injected much-needed investor confidence.
10.03.2024 | News by Africa cgtn

Rating agency S&P is encouraged by the substantial financial inflows that Egypt has received in the last two weeks.
10.03.2024 | News by Forbes Middle East

Debt is expected to fall below 90 percent by June 2025 and below 80 percent by June 2027.
10.03.2024 | News by Agenzia Nova

Nigeria may have put the cart before the horse with its floatation of the naira, but Egypt has made no such mistake.
10.03.2024 | News by business day

The agency also affirmed Egypt's foreign-currency senior unsecured ratings at Caa1.
10.03.2024 | News by economy middle east

Some causes date back decades, such as failed industrial development due to poor planning and heavy bureaucracy, and export policies.
10.03.2024 | News by Reuters

CBE has taken significant steps towards allowing the exchange rate to be determined by market mechanisms.
Papers by Egypt Business Directory

Egypt secured an additional $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates.
07.03.2024 | News by France 24

The state has recently raised interest rates by 6 percent to contain inflation and support citizens.
07.03.2024 | News by Ahram Online

Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
07.03.2024 | News by cnbc

The National Bank of Egypt (NBE) decided to offer a three-year certificate with a decreasing interest, at an annual price of 30% for the first year.
07.03.2024 | News by See news

On Wednesday morning, the Central Bank of Egypt raised interest rates by 600 basis points, equivalent to 6%, to reach levels of 27.25%.
07.03.2024 | News by See news

The average price of the dollar in the banking market reached EGP 49.4743 for buying and EGP 49.5743 for selling, according to the CBE
07.03.2024 | News by Daily News Egypt

Madbouly stated that Egypt's external debt will decrease by $11 billion, transferred from an Emirati deposit in the central bank as an investment.
06.03.2024 | News by Egypt Today

The project is designed to bring in much-needed foreign currency into the North African country, which is going through its worst economic crisis.
05.03.2024 | News by Al Monitor

The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to LE43.
04.03.2024 | News by Egypt Independent

Egypt's broader efforts to increase the proportion of renewable energy in its total energy generation to approximately 42 percent by 2030.
04.03.2024 | News by Egypt Today

Beltone Leasing and Factoring achieved a milestone by securing Egypt’s first syndicated factoring deal valued at USD 29.8 million for Redcon.
04.03.2024 | News by Waya

The offer was originally submitted on 14 December 2023, according to a bourse filing.
04.03.2024 | News by Zawya

The meeting reviewed the progress achieved within the framework of implementing cooperation proposals in the agricultural sector.
04.03.2024 | News by See news