Cairo, Egypt (CNN) – The European Bank for Reconstruction and Development has joined the list of major international institutions that have lowered expectations for the growth of the Egyptian economy during 2023. In its latest report, the bank expected a decline in the economic growth rate to 4.6%, compared to 5.6% in its previous report … Read more
Ambassador confirmed Nader Saada spokesman for the Presidency of the Council of Ministers, that the announcement by Standard & Poor’s agency confirming Egypt’s credit rating gives a very positive image and an important message to foreign investors that the Egyptian economy is on the right path. Ambassador Nader Saad added, during a telephone interview with … Read more
During the past hours, Al-Youm Al-Sabaa published a number of important news and reports, the most prominent of which was the announcement by the Wintershall Dea company that it had discovered a gas well in the exploration area east of Damanhour. The following is a summary of Egypt’s news at one o’clock in the afternoon. … Read more
Dubai, United Arab Emirates (CNN) – The Egyptian pound fell against the dollar by 7.7% during trading on Wednesday, to record the green currency 29.63 pounds for purchase, and 29.76 pounds for sale at the Central Bank – to set a new record level – and for the pound to continue its downward journey against … Read more
The value of the Egyptian pound is declining again against the dollar in Egypt after the Central Bank of Egypt adopted a looser exchange rate policy. The successive rises in the price of the dollar on the Egyptian foreign exchange market triggered an unprecedented wave of inflation Today, Wednesday, the US dollar recorded its all-time … Read more