Egypt's Financial Regulatory Authority (FRA) has announced the formation of a joint committee with the Egyptian Tax Authority (ETA) and the Egyptian Exchange (EGX) to coordinate and unify the taxation of capital market activities, FRA Executive Chairman Islam Azzam said on Sunday.
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The Central Bank of Egypt (CBE) and the Central Bank of Eswatini discussed expanding cooperation on cross-border payments, a proposed pan-African gold bank, and banking capacity building as part of broader efforts to strengthen financial integration and intra-African trade, according to a CBE statement on Monday.
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Brent crude hit its highest price since June on Monday due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war.
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Recent Central Bank of Egypt data underscores a shifting liability architecture, with total external debt reaching $163.9 billion in Q2 of FY2025/2026—a volume characterized by expanding government debt, concentrated multilateral funding, and a massive $9.5 billion quarterly debt-service settlement.
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The Egyptian pound continued to weaken, falling past EGP 51 against the US dollar at the close of business (COB) on Sunday, as renewed attacks between the United States and Iran entered their second week and demand for the US currency increased.
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Egyptian women accounted for 53 percent, or 1.8 million, of all beneficiaries of microfinance provided by non-banking financial institutions to micro and small enterprises during the first quarter of 2026, Financial Regulatory Authority (FRA) Executive Chairman Islam Azzam said Sunday.
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Egypt's Planning and Economic Development Minister Ahmed Rostom said the government is focused on maintaining fiscal discipline, preserving macroeconomic stability and attracting more foreign direct investment as it enters the post-IMF-supported reform phase.
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The Egyptian pound stabilized below EGP 51 against the US dollar at Thursday's close of business (COB), as recent escalation in attacks between the US and Iran and concerns over the closing of Bab Al-Mandeb Strait continued to support demand for the US currency, according to Central Bank of Egypt (CBE) data.
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Egypt’s General Authority for the Suez Canal Economic Zone (SCZone) saw a 37 percent year-on-year increase in revenues (reaching EGP 15.9 billion) during FY2025/2026, which ended at the end of June this year, according to a statement by the authority on Wednesday.
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The United States announced on Wednesday a new tariff on various imports from Brazil, following a year-long investigation into the Latin American giant's trade and other policies.
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The striking convergence of Egypt’s key inflation metrics in June 2026 marks a definitive transition phase for the macroeconomic landscape, signaling that the structural price distortions of the past year are finally flattening.
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Egypt's ready-made garment exports rose 15 percent year-on-year during the first four months of 2026 to $1.15 billion, up from $1.002 billion in the same period last year, according to the Ministry of Investment and Foreign Trade.
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Kristalina Georgieva, the Managing Director of International Monetary Fund (IMF), has warned that the global economy has exhausted the vital financial buffers that shielded it from recent consecutive crises, leaving nations dangerously exposed to a looming wave of sovereign debt defaults and geopolitical fragmentation.
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Egypt's Main Development Company (MDC), the development and industrial arm of the Suez Canal Economic Zone (SCZone), has signed a contract with Turkey's Ukinox Manufacturing Company to establish a $14 million stainless steel kitchen sink plant in the Ain Sokhna Industrial Zone, according to a cabinet statement on Tuesday.
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The Egyptian pound's recent decline to near EGP 51 per US dollar is unlikely to trigger the inflationary spiral that followed previous currency depreciations, with economists and business leaders saying stronger foreign currency liquidity, a flexible exchange rate regime, and improved market conditions have significantly reduced the economy's vulnerability to exchange-rate shocks.
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A combination of weaker global demand, higher oil production outside the Gulf, and sharp inventory drawdowns has temporarily shielded the global economy from a catastrophic oil price spike following the closure of the Strait of Hormuz, but global oil buffers are now running dangerously low, the International Monetary Fund (IMF) has warned.
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Egypt repaid EGP 28 billion in overdue payments to exporters during the 2025/26 fiscal year, up 55 percent from a year earlier, Finance Minister Ahmed Kouchouk said on Tuesday, as the government seeks to support production and boost exports.
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The US dollar rose for a third consecutive session on Tuesday, trading close to EGP 51 at several Egyptian banks as regional tensions fuelled demand for the U.S. currency.
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Egypt's gold and silver investment funds attracted nearly 40,000 new investors during Q2 of 2026, lifting total assets to EGP 9.35 billion by the end of June, as retail investors, particularly young Egyptians, continued to fuel demand for precious metals investment products, according to the Financial Regulatory Authority (FRA).
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The Egyptian pound traded over EGP 50/$1 across 12 banks on Monday's close of business (COB), continuing to weaken amid escalating regional conflict and the Strait of Hormuz closure.
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