After initially recovering from the COVID-19 pandemic, the Egyptian economy has been hit hard by the fallout from the war in Ukraine.
20.01.2023
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News by
busiweek
Egypt’s NWFE program aims to mobilize investments worth $14.7 billion, according to Minister of International Cooperation, Rania Al-Mashat.
20.01.2023
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News by
Egypt Today
Of this amount, EGP 120 billion for Banque Misr and the rest for the National Bank of Egypt (NBE).
19.01.2023
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The addition of the new currencies brought the total number of currencies listed by the Russian Central Bank at official daily rates to 43.
19.01.2023
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Inertia Egypt CEO Ahmed El-Adawy reiterated the importance of supporting the real estate segment by the banking sector.
19.01.2023
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News by
Zawya
Egypt’s cabinet approved the main framework of a new five-year initiative to fund industrial and agricultural sectors projects with 11% interest loans
19.01.2023
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News by
Ahram Online
Egypt's Prime Minister Mostafa Madbouly said the cost of wheat subsidies will reach EGP 95 billion by the end of the year, up from EGP 38 billion.
19.01.2023
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News by
Ahram Online
The conditions are that the funds are to be spent at the end of the period, or 22.5 percent interest rate to be spent monthly.
18.01.2023
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News by
Egypt Independent
The report pointed out that the Egyptian currency may remain under pressure in 2023 due to the accumulation of imports.
18.01.2023
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According to the CBE’s statement, it has covered more than two billion dollars of requests from Egyptian importers during the past three days.
18.01.2023
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News by
Egypt Independent
Annual headline urban inflation recorded an average of 13.9% in 2022 compared to 5.2% in 2021.
18.01.2023
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News by
Daily News Egypt
The newspaper said that Egypt has committed to reducing the role of the army in the economy as part of the three billion bailout package by IMF.
18.01.2023
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News by
Egypt Independent
The Central Bank of Egypt (CBE) elaborated in a statement, that it paid about $1.5 billion in November, and $1 billion in December 2022.
17.01.2023
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News by
Egypt Today
The market also received additional foreign currency from domestic sources, remittances from Egyptians working abroad, and tourists.
17.01.2023
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News by
Reuters
The issuance of these CDs aimed to contain the rising inflation, which is the highest in four years, by encouraging savings.
17.01.2023
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News by
Ahram Online
This volume of wealth equals twice the money earned by the 7 billion people who make up 99% of the world's population.
17.01.2023
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MP Ahmed al-Banna said that Egypt’s food security has faced successive crises, starting with the coronavirus pandemic.
17.01.2023
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News by
Egypt Independent
Recipients of microfinance loans increased by 46 percent in the past year, with loans reaching EGP 35.5 billion.
17.01.2023
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News by
Ahram Online
The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade.
15.01.2023
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News by
Reuters
The seminar was part of a series of second-phase meetings scheduled to conclude at the end of January 2023.
14.01.2023
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News by
WAM
