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World - Africa
6/4/2024 2:43:45 PM
Cafes and markets are bustling, roads are being rebuilt and factories and banks are operating again.

War on Gaza - War on Gaza
5/25/2024 6:08:50 PM
G7 finance ministers were set to urge Israel Saturday not to disrupt "vital financial transactions" in the occupied Palestinian territories, following indications it could cut off Palestinian banks.

War on Gaza - War on Gaza
5/23/2024 5:53:31 PM
US Treasury Secretary Janet Yellen warned Thursday of the risk of a "humanitarian crisis" if Israel cuts off a crucial financing channel to the occupied Palestinian territories.

War on Gaza - War on Gaza
5/23/2024 3:48:59 PM
US Treasury Secretary Janet Yellen warned Thursday of the risk of a "humanitarian crisis" if Israel cuts off a crucial financing channel to Palestinian banks.

Business - Economy
5/19/2024 10:43:56 PM
Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.

Business - Economy
5/10/2024 7:01:58 PM
Exchange bureaus affiliated with Egypt's three largest state-owned banks have collected foreign currency proceeds surpassing EGP 25.550 billion since the devaluation of the Egyptian pound on 6 March, reported Egyptian news agency MENA on Friday.

World - Africa
4/29/2024 2:01:01 PM
At least 42 people died when a dam burst its banks near a town in Kenya's Rift Valley, the local governor told AFP on Monday, as heavy rains and floods battered the country.

Business - Economy
4/24/2024 4:16:31 PM
The US dollar exchange rate declined against the Egyptian pound at major banks on Wednesday, reaching EGP 47.8 down from EGP 48 recorded on Sunday.

Business - Economy
4/15/2024 2:36:33 PM
The Central Bank of Egypt (CBE) has raised the daily cash withdrawal limit in Egyptian pounds for corporations and individuals from banks to EGP 250,000, up from EGP 150,000.

Business - Economy
4/5/2024 2:39:55 PM
The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be closed from Tuesday 9 April to Sunday 14 April to celebrate Eid Al-Fitr.

Business - Economy
3/29/2024 6:09:44 PM
The exchange companies affiliated with Egypt's three largest state-owned banks have collected foreign currency proceeds surpassing EGP 7.5 billion in total since the devaluation of the Egyptian pound on 6 March, the companies' chiefs told the state news agency MENA.

Sports - World
3/25/2024 8:53:36 PM
Wales manager Rob Page says the team have come "a long way" since the retirement of Gareth Bale as they prepare to host Poland in a play-off final on Tuesday with a place at Euro 2024 at stake.

Arts & Culture - Stage & Street
3/21/2024 10:42:17 AM
A London authority said on Wednesday it had imposed "temporary measures" around a new mural by British street artist Banksy, after it was defaced within days of appearing.

Business - Economy
3/19/2024 11:38:02 AM
Shares were mixed in Asia on Tuesday after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy at odds with the stances of most central banks.

Business - Economy
3/18/2024 5:21:23 PM
The US dollar rate has continued to decline against the Egyptian pound since the Central Bank of Egypt (CBE) announced on 6 March that it would let the value of the local currency be set by market forces.

Business - Economy
3/12/2024 4:26:09 PM
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling, compared to EGP 49.5/1 USD recorded a week ago and EGP 49/1 USD seen on Monday, according to the rates on the Central Bank of Egypt (CBE)’s website.

Business - Economy
3/10/2024 1:50:00 PM
Head of Egypt’s Banks Federation Mohamed El-Etreby urged caution amid an influx of hard currency into Egypt in the form of hot money following the flotation of the Egyptian pound and an increase in interest rates.

Business - Economy
3/7/2024 8:04:00 PM
The Egyptian pound averaged EGP 49.3 against the US dollar in most major banks at the closing of Thursday's trading just 24 hours after the Central Bank of Egypt (CBE) floated the local currency against the greenback.

Business - Economy
3/7/2024 6:43:01 PM
The Central Bank of Egypt (CBE) announced the working hours for banks during the holy month of Ramadan, which is expected to start on Monday.

Business - Economy
3/6/2024 6:03:00 PM
The Central Bank of Egypt (CBE) decided on Tuesday to float the Egyptian pound (EGP) and raise interest rates by six percent, in a bold move to meet economic challenges.

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