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Business - Economy
12/10/2023 1:03:15 PM
Egypt’s annual headline inflation decelerated to 36.4 percent in November, down from 38.5 percent a month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Sunday.

Business - Economy
12/7/2023 1:57:25 PM
The international reserves at the Central Bank of Egypt (CBE) inched up by $71 million to record $35.17 billion in November, according to CBE data on Thursday.

Business - Economy
12/6/2023 6:53:03 PM
The Egyptian government’s revenues surged 29.5 percent year-on-year to EGP 335.13 billion ($10.83 billion) during the first three months of the fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance.

Business - Economy
12/6/2023 1:13:03 PM
Egypt’s trade deficit increased by 10.3 percent to reach $3.24 billion in September compared to $2.84 billion in the same month last year, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.

Business - Economy
12/6/2023 11:26:11 AM
Asian shares advanced on Wednesday after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy.

Business - Economy
12/5/2023 8:23:06 PM
Gold prices experienced a slight decline on Tuesday, trading $100 below the previous session's record high, as investors are eagerly awaiting upcoming US economic data, which could potentially impact the Federal Reserve's rate outlook.

War on Gaza - War on Gaza
12/5/2023 1:55:20 PM
Digital devices and documents retrieved from Hamas resistance militants after the October 7 Al-Aqsa Flood operation reveal years of planning and a very high level of "detail and readiness", Israeli intelligence officers claimed.

Business - Economy
12/5/2023 1:14:17 PM
Egypt’s Purchasing Managers Index (PMI) for the non-oil private sector rose slightly in November to 48.4 points compared to 47.9 points in October, the index's sixth rise in 2023, according to data released by the American credit rating agency S&P Global Ratings on Tuesday.

Business - Economy
12/4/2023 5:09:23 PM
Egypt’s tax revenue jumped 34.83 percent on an annual basis during the first three months of the new fiscal year (FY) 2023/2024, according to data released by the Ministry of Finance on Monday.

Business - Economy
11/27/2023 4:48:24 PM
Egypt’s manufacturing and extractive industries (excluding crude oil and petroleum products) contracted by 3.86 percent on a monthly basis in September, according to the updated data of the manufacturing and extractive index by the official statistics agency (CAPMAS).

Business - Economy
11/27/2023 9:51:44 AM
Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.

Business - Economy
11/26/2023 3:54:29 PM
Fawry, Egypt's leading e-payment company, announced the completion of a thorough cybersecurity verification process and infrastructure examination in response to reports of a hack, according to a statement by the company on Sunday.

Business - Markets & Companies
11/22/2023 8:41:42 PM
Egypt’s main Internet operator Telecom Egypt signed an agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) to install and operate the Managed Root Server (IMRS) in the Egyptian company’s Regional Data Hub.

Business - Economy
11/13/2023 1:42:42 PM
Kuwait has prolonged the tenor of a $4 billion deposit at the Central Bank of Egypt (CBE) to support the country’s international reserves, according to data released by the bank.

Business - Economy
11/12/2023 4:56:15 PM
Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in September, according to the data released by the Central Bank of Egypt (CBE) on Sunday.

Business - Economy
11/11/2023 6:43:53 PM
Egypt's annual headline inflation has declined significantly in October, reaching 38.5 percent, down from 40.3 percent in the month prior, according to the data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on Saturday.

Business - Economy
11/5/2023 5:36:57 PM
The Central Bank of Egypt (CBE) revealed a slight uptick in international reserves, climbing to $35.1 billion in October from $34.97 billion in September, according to data released on Sunday.

War on Gaza - War on Gaza
11/4/2023 11:37:00 PM
The relentless Israeli bombardment of the Gaza Strip, now entering its 29th day, continues to inflict immense suffering upon the civilian population. According to the latest data from the Palestinian health ministry, the death toll has risen to at least 9,488 Palestinians, with more than two-thirds of the victims being women and children.

Business - Economy
11/2/2023 11:13:02 AM
Egypt's trade balance deficit shrank by 22.3 percent in August to reach $3.88 billion, down from $4.99 billion in August 2022, according to the data released by the Central Agency for Public Mobilization and Statistics (CAMPAS) on Wednesday.

Business - Economy
11/1/2023 3:31:32 PM
Foreign assets deficit at the Egyptian banking system declined for the first time in 11 months to reach EGP 812.41 billion ($26.29 billion) in July 2023, 2.66 percent lower than the previous month, according to data released by the Central Bank of Egypt (CBE) on Wednesday.

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