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Egypt’s annual headline inflation rose to 15.3 percent in September, up from eight percent in September 2021, reaching the highest level since recording 15.7 percent in November 2018.
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Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available instruments to hedge against risks to the pound currency after it drops against the…
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Minister of Trade and Industry Ahmed Samir said that the initiative to implement the first commercial deal exporting food products from Egypt to Ghana falls within the framework of the African…
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The World Bank expects Egypt’s economy to grow at a 4.8% clip in FY 2022-2023, according to its October MENA Economic Update (pdf).
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Within the framework of the efforts exerted on a national level to support the economic empowerment of citizens and Micro, Small and Medium enterprises (MSMEs), and in line with the Sustainable…
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Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports, rising tourism receipts, and a jump in FDI, according to central bank figures
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The National Bank of Egypt (NBE) is adjusting the fixed interest rates on its three-year new golden USD savings certificates and the Ahl Masr USD certificates for five and seven years for new issues…
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Egypt's Minister of Planning, Hala El-saeed, revealed that the first group of initial public offerings (IPOs) fund will be completed within a few weeks at a value of $3 billion.
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Banks now have until 14 September 2023 to comply with the new capital requirements required by the 2020 Banking Act after the central bank agreed to extend the deadline by another year, according to a…
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The International Monetary Fund (IMF)'s managing director Kristalina Georgieva said a final agreement with Egypt about a new loan could possibly be reached within weeks.
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