Cairo, Egypt (CNN) – The Central Bank of Egypt decided, on Thursday, to maintain the deposit and lending return rates at the level of 19.25% and 20.25%, respectively, attributing the reason for this to “the consistency of the inflation data with the bank’s expectations,” while bankers believe that Increasing interest rates “is no longer the … Read more
Dubai, United Arab Emirates (CNN) – Economists ruled out that the Egyptian government would take a decision to move the exchange rate of the pound against the dollar, after the package of social protection decisions taken by President Abdel Fattah El-Sisi, yesterday, Saturday, stressing that the government is working to increase its dollar revenues to … Read more
Cairo, Egypt (CNN) — Egypt launched the “National Strategy for Population and Development”, which aims to implement a program that balances population growth rates with the available resources in the country by educating citizens about the seriousness of high fertility rates without preventing the family’s right to determine the number of its children. Representatives stressed … Read more
Cairo, Egypt (CNN) — The relative improvement of the Egyptian economy’s indicators was reflected in the stock market’s performance, which recorded the highest level in its history during the Sunday and Monday sessions of this week, and foreign investments resumed pumping investments again with limited values after a continuous sale that lasted 18 months. Capital … Read more
Dubai, United Arab Emirates (CNN) – Activists circulated on social media the statements of the Egyptian President, Abdel Fattah El-Sisi, in which he addressed the causes of the economic crisis and the rise in prices in Egypt, during an inspection tour of the Egyptian Military Academy, on Saturday, during which he spoke with the students … Read more
Dubai, United Arab Emirates (CNN) – The price of the dollar has rebounded against the Egyptian pound in the parallel market, ranging from 38.5 to 40 pounds, according to dealers, after a stability of about two months. Experts attributed the reasons for the rise of the dollar again on the black market to renewed talk … Read more
Abdel Halim Salem wrote Friday, July 14, 2023 12:00 AM The American global Goldman Sachs Foundation predicted that the Egyptian economy will rank seventh in the world in 2075, as the second African economy after Nigeria, which is expected to rank fifth, in the latest report of the financial institution. The report revealed that Egypt’s … Read more
Title: Egyptian Government Partners with International Finance Corporation to Sell Assets Worth $40 Billion Cairo, Egypt (CNN) – In a significant move to boost the private sector and accelerate economic growth, the Egyptian government has entered into a contract with the International Finance Corporation (IFC), the arm of the World Bank Group, to provide technical … Read more
a sh a Wednesday, 07 June 2023 05:26 PM The World Bank expected that the Egyptian economy would lead the growth of the economies of the Middle East region, with a growth of 4% during the current fiscal year, to continue its progress over the countries of the region until 2025. According to a World … Read more
Dubai, United Arab Emirates (CNN) – The Egyptian Ministry of Petroleum and Mineral Resources announced, on Thursday, the new prices for gasoline and diesel. The ministry said, in a statement, on its Facebook page: “In light of the fluctuation of Brent crude prices and the exchange rate of the pound against the dollar, the Automatic … Read more