Finance News

Currently, the official dollar exchange rate is at around 30 Egyptian pounds, while on the black market, it trades for as high as 38-40 EGP.
Papers by Egypt Business Directory

Remittances by Egyptians working abroad plunged by 23 percent during the first half (H1) of the fiscal year 2022/2023, declining to $12 billion.
05.06.2023 | News by ahram online

The CBE’s statistical bulletin showed that the debt burden service was divided into paid installments of $5.843 billion, and paid interest of $1.311bn
04.06.2023 | News by Egypt independent

CBE paid about $7.154 billion by the end of Q2 2022/23, representing installments and interests for outstanding debts.
03.06.2023 | News by See news

Increasing the private sector’s participation is a state priority, the Sovereign Fund of Egypt (TSFE) head was reported by local media as saying.
03.06.2023 | News by Egypt Today

Egypt’s interest in the BRICS alliance has risen over the past two years. This is in part due to the speculations of a new currency.
03.06.2023 | News by modern diplomacy

Fawry is an e-payment platform in Egypt, serving the banked and unbanked population.
03.06.2023 | News by ibs intelligence

Egypt's banking market includes 14 banks authorized by the Central Bank of Egypt to offer Islamic products.
02.06.2023 | News by egypt today

The report added that recent bank defaults could lead to increased global financial instability and exacerbate capital outflows from the continent.
01.06.2023 | News by See News

The government aims to collect $83 billion in foreign currencies during FY 2023/24 through four streams, according to an official statement.
01.06.2023 | News by ahram online

Egypt leads African countries in terms of obtaining development funds in 2021, at a value of $8.2 billion.
01.06.2023 | News by See News

Egypt has been working towards meeting clearinghouse Euroclear’s conditions since signing an agreement in 2019.
01.06.2023 | News by Egypt Today

Egypt's development portfolio currently comprises 34 projects worth $1 billion, with several partners involved.
01.06.2023 | News by ahram online

The foreign currency crisis currently facing Egypt has led banks to reduce the limits on all types of bank cards for international transactions.
01.06.2023 | News by See News

This came during a meeting held by the minister with Alfred Gakuba Kalisa, Ambassador of Rwanda in Cairo to discuss cooperation.
01.06.2023 | News by See News

Egypt’s foreign debt increased by 5.2 percent during the last quarter of last year to reach US$162.9 billion at the end of December.
31.05.2023 | News by Egypt Independent

He added that this was supported by an increase in net income from returns by 90% to reach EGP 707m in March.
31.05.2023 | News by Daily News Egypt

Parliament approved amendments to the Income Tax Law no.91/2005 to raise annual income tax exemption to EGP 36,000 up from EGP 24,000.
30.05.2023 | News by Ahram Online

Banque Misr will receive a $260 million loan from the World Bank's (WB) financial arm, the International Finance Corporation (IFC).
30.05.2023 | News by Ahram Online

To offer instant cash redemption and installment solutions to users of “Sha2labaz” in the first-of-its-kind digital offering in the Egyptian market.
30.05.2023 | News by Zawya