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Business - Economy
1/8/2024 2:52:30 PM
The Central Bank of Egypt (CBE) is set to launch the electronic pound by 2030 to increase the efficiency of monetary policy, read a government document released in January.

Business - Economy
1/7/2024 7:37:30 PM
Egypt’s non-oil trade deficit dropped 26.29 percent year-on-year (YoY) to $6.63 billion in the third quarter of 2023 from $8.99 billion in the same quarter a year earlier, according to data released by the Central Bank of Egypt (CBE).

Business - Economy
1/7/2024 7:17:41 PM
The National Bank of Egypt (NBE) and Banque Misr expect to collect over EGP 500 billion in proceeds through January from their newly introduced certificates of deposit (CDs), Mohamed El-Etreby, head of Banque Misr and chairman of the Federation of Egyptian Banks (FEB), said on Saturday.

Business - Economy
1/7/2024 6:52:01 PM
Egypt’s Suez Canal revenues jumped by around 19.4 percent to $2.4 billion in the third quarter of 2023 (July-September) compared to $2 billion in the corresponding quarter in 2022, according to data released by the Central Bank of Egypt (CBE).

Business - Economy
1/6/2024 7:05:33 PM
Egypt’s current account deficit decreased by 12.1 percent to $2.8 billion during the period between July and September 2023, compared to $3.2 billion a year prior, according to the data released by the Central Bank of Egypt (CBE) on Thursday.

Business - Economy
1/6/2024 2:50:01 PM
The National Bank of Egypt (NBE) and Banque Misr collected EGP 11 billion in proceeds through their high-yield certificates of deposit (CDs) within 24 hours following issuance, Mohamed El-Etreby, head of Banque Misr and chairman of Federation of Egyptian Banks, said on Friday.

Arts & Culture - Music
1/5/2024 5:55:02 PM
The popular Egyptian band Black Theama released the new single Alam Gharib (A Strange World) on their YouTube channel on Thursday.

War on Gaza - War on Gaza
1/4/2024 10:40:00 PM
The Israeli army intensified its airstrikes in central and southern Gaza on the 90th day of its genocidal war against the Palestinians in the strip; Egypt reiterates the call for reaching a ceasefire; Blinken is due to return to the region on Friday.

War on Gaza - War on Gaza
1/4/2024 9:55:03 PM
The Israeli occupation forces began constructing colonial roads on Palestinian citizens’ lands in Hebron's Masafer Yatta, Palestinian news agency WAFA reported.

Business - Economy
1/4/2024 7:32:09 PM
The National Bank of Egypt (NBE) and Banque Misr announced Thursday issuing new certificates of deposits (CDs) with 23.5 percent and 27 percent annual yields, respectively.

Business - Economy
1/4/2024 7:27:20 PM
Egypt’s Net International Reserves increased by $47 million to record $35.22 billion in December, its highest level since May 2022, according to data released by the Central Bank of Egypt on Thursday.

World - War in Ukraine
1/3/2024 4:10:37 PM
The European Union on Wednesday imposed sanctions on Russia's state-run diamond giant Alrosa and its CEO as part of a ban on imports of the precious stones over the Ukraine war.

Business - Economy
1/3/2024 2:45:12 PM
Egyptian banks will be closed on Sunday, 7 January, in celebration of Christmas for the Orthodox Church, according to a statement by the Central Bank of Egypt (CBE) on Wednesday.

Business - Economy
1/3/2024 2:03:34 PM
The Central Bank of Egypt (CBE) issued on Tuesday $830 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

Business - Economy
1/3/2024 12:30:10 PM
The National Bank of Egypt (NBE) and Banque Misr are set to repay more than EGP 500 billion in principal and interest of 22.5 percent and 25 percent one-year certificates of deposits (CDs) issued in January 2023.

Al-Ahram Weekly - Opinion
1/2/2024 8:31:05 PM
Could other currencies eventually replace the dollar as the world’s main reserve currency, asks Mahmoud Mohieldin

War on Gaza - War on Gaza
1/2/2024 7:12:08 PM
Hamas chief Ismail Haniyeh said Tuesday he is open to a single Palestinian administration to govern the Gaza Strip and the occupied West Bank.

Business - Economy
1/2/2024 1:28:17 PM
The foreign assets deficit in the Egyptian banking system declined by EGP 5.25 billion to reach EGP 833.96 billion ($26.9 billion) in November 2023, according to data released by the Central Bank of Egypt (CBE).

War on Gaza - War on Gaza
1/1/2024 4:06:27 PM
Israeli settlers killed at least 10 Palestinians and torched dozens of homes in the occupied West Bank in 2023, making it the "most violent" year on record for settler attacks, an Israeli watchdog said Monday.

Sports - World
12/30/2023 4:52:00 PM
Cole Palmer struck twice as Chelsea survived a late scare to banish their away-day blues with a 3-2 win against Premier League strugglers Luton on Saturday.

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