Finance News

This announcement was made during a meeting between Egypt's Prime Minister, Mostafa Madbouly, and the President of the World Bank, Ajay Banga.
13.02.2024 | News by Egypt Today

This should be done through encouraging investment and deepening the private sector’s contribution to the course of development.
13.02.2024 | News by Egypt Independent

Georgieva noted that the fund seeks “To give a dose of confidence to the Egyptian economy by enhancing the size of the support program.”
13.02.2024 | News by Egypt Independent

Mastercard aims to revolutionize Egypt's digital payments, targeting the $20.6 billion market.
13.02.2024 | News by Finance Magnates

Tax exemption limit will be raised by 33 percent to reduce the burden on all state workers, including the private sector, on March 1.
12.02.2024 | News by Egypt Independent

JP Morgan expects that any currency adjustment will be accompanied by an increase in deposit interest rates by an additional 2 percent.
12.02.2024 | News by Egypt Today

Georgieva criticized Egypt’s use of multiple exchange rates, calling them detrimental and urging the country to adopt a market-based system.
12.02.2024 | News by Egyptian Streets

EBC manages and develops various domestic payment ecosystems in Egypt, including the Instant Payments Network (IPN) and the InstaPay application.
12.02.2024 | News by Ahram Online

Prices rose by 1.7% in January compared to December, up from 1.2% in the previous month.
11.02.2024 | News by Forbes Middle East

Egypt's banking sector remains dynamic amidst evolving economic landscapes, demonstrating resilience and agility in the face of challenges.
Survey by Egypt Business Directory

President Abdel Fattah El-Sisi directed to raise the minimum wage by 50%, reaching 6,000 pounds per month.
08.02.2024 | News by See news

The change in the return rate on the NBE certificates of deposit came on Sunday, with the previous interest rate of 19.5 percent rising to 21.5.
08.02.2024 | News by Egypt Independent

In recent years, the government has provided support amounting to approximately EGP 15.3 billion to small, medium, and micro enterprises.
08.02.2024 | News by Egypt Today

The US dollar shortage in the local market is really serious, as manufacturers and businesspersons can set neither their expense plans nor wages.
08.02.2024 | News by Ahram Online

Egypt has set an ambitious plan to secure $100 billion in direct foreign investments between 2024 and 2030.
08.02.2024 | News by Ahram Online

A clean float of currency means leaving the currency price to be determined by supply and demand in the market without any intervention from the CBE.
07.02.2024 | News by Egypt Independent

The Egyptian government is keen to further its cooperation with the World Bank in managing state-owned companies and enhancing their efficiency.
07.02.2024 | News by Ahram Online

The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.
06.02.2024 | News by Ahram Online

The US dollar dropped against the Egyptian pound in the parallel market to about EGP 50, down from a peak of more than 70 EGP last week.
06.02.2024 | News by new arab

This came during the participation of Chairman of Financial regulatory authority (FRA), Mohamed Farid at the 3rd Microinsurance Conference.
06.02.2024 | News by Egypt Today