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
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News by
Egypt Independent
Mastercard aims to revolutionize Egypt's digital payments, targeting the $20.6 billion market.
13.02.2024
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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
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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
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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
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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
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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
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News by
Forbes Middle East
President Abdel Fattah El-Sisi directed to raise the minimum wage by 50%, reaching 6,000 pounds per month.
08.02.2024
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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
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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
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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
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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
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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
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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
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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
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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
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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
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News by
Egypt Today
The IMF had postponed reviews of Egypt's current program, agreed upon over a year ago, awaiting authorities to allow a more flexible exchange rate.
05.02.2024
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News by
Egypt Today
Raising interests reduces the productivity of businessmen and investors, and limits their purchase of equipment and production inputs.
05.02.2024
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News by
Egypt Independent
The price of the dollar on the black market lost about 8 pounds, affected by the decision of the Central Bank of Egypt to raise the interest rates.
05.02.2024
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