Egyptian Finance Minister Mohamed Maait discusses the ramifications of global geopolitics on emerging economies, revealing its contribution to the surge in cost of living due to inflation.
16.10.2023
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News by
Egypt Independent
Egypt is holding negotiations with the International Monetary Fund (IMF) to enhance its rescue program to over $5 billion, according to a report by Bloomberg News.
15.10.2023
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News by
Reuters
Egypt's Finance Ministry announces offering up 35 state-owned companies in 19 sectors on IPO from October 2023 to June 2024. Companies have a total estimated value of up to four billion dollars.
15.10.2023
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News by
egyptindependent.com
In 2023, Egypt witnessed a 46% increase in non-cash transactions, totalling EGP 10 trillion.
15.10.2023
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News by
scene now
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies.
12.10.2023
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News by
Ahram Online
Moody's Corporation, the bond credit rating business, has downgraded five Egyptian banks in light of the country's declining debt affordability. The news came after the organisation downgraded the country's sovereign rating.
12.10.2023
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News by
Reuters
The Ministry of Finance in Egypt reported that tax revenues surged by 27.5% during the Q1 of current fiscal year, reaching LE 250 billion.
12.10.2023
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News by
EgyptToday
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates.
12.10.2023
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News by
Ahram Online
The minister mentioned that the company's investment activities will be within Egypt. Its shares will be listed on the Egyptian Stock Exchange (EGX) and some international exchanges.
12.10.2023
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News by
EgyptToday
The size of non-cash transactions in Egypt is expected to increase to $27.63 billion by 2027, with an annual increase of 14.03 percent.
12.10.2023
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News by
Ahram Online
Prime Minister Mostafa Madbouly emphasizes Egypt's commitment to stimulating the investment climate, removing investment obstacles and providing basic industrial infrastructure.
12.10.2023
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News by
Egypt Independent
Egypt's annual urban consumer price inflation escalated to a record high of 38% in September, exceeding analyst predictions and up from 37.4% in August, according to data from CAPMAS.
11.10.2023
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News by
Reuters
CBE is expected to reach an agreement with the IMF in early 2024 to peg the pound to a basket of international currencies and gold.
11.10.2023
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News by
Ahram Online
The International Monetary Fund has reduced its growth forecast for the Egyptian economy in the fiscal year 2023-2024 to 3.6%, down from its previous estimate of 4.1%.
11.10.2023
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News by
egyptindependent.com
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per CBE instructions.
10.10.2023
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News by
Ahram Online
Program for Pre-Series A and Series A Startups Begins with 3-Day Founder Retreat.
10.10.2023
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News by
Zawya
The price of the US dollar remained stable against the Egyptian pound on Monday according to the Central Bank of Egypt and other banks. Click to read more about the currency rates.
10.10.2023
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News by
Egypt Independent
The annual meetings (autumn meetings) of the International Monetary Fund (IMF) and the World Bank Group (WBG) kicked off on Tuesday in Marrakech.
10.10.2023
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News by
Ahram Online
Fitch Solutions expected that the Egyptian pound will be devaluated by 18.6 percent to reach around EGP38 against the US dollar by the end of year.
09.10.2023
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News by
ahram online
Madbouly added that these initiatives will be promoted in a way that ensures the expansion of the base of their beneficiaries.
09.10.2023
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News by
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