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Al-Ahram Weekly - Egypt
2/27/2024 10:13:05 PM
The timing of the purchase of the development rights to Ras Al-Hekma on Egypt’s North Coast by the Abu Dhabi Sovereign Wealth Fund could not have been better for the economy, reports Sherine Abdel-Razek

Al-Ahram Weekly - Egypt
2/27/2024 9:11:17 PM
A multi-billion-dollar deal gives the government breathing space but much work needs to be done, writes Niveen Wahish

Business - Economy
2/24/2024 9:54:00 PM
Egypt signed with the UAE on Friday its largest ever direct direct investment partnership deal meant to develop the Ras El-Hekma region into the first-of-its-kind Mediterranean urban community.

Business - Economy
2/23/2024 3:59:08 PM
Egypt and Emirati investors signed on Friday a historic deal to build a multi-billion new state-of-the-art city of Ras El Hekma as a new massive urban, business and tourism centre in the country's North Coast.

Business - Markets & Companies
2/20/2024 11:16:12 PM
Benchmark US crude oil for March delivery fell $1.01 to $78.18 per barrel Tuesday. Brent crude for April delivery fell $1.22 to $82.34 per barrel.

Business - Economy
2/18/2024 6:38:38 PM
Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.

Business - Economy
2/12/2024 1:13:33 PM
The Central Bank of Egypt (CBE) released a series of measures meant to regulate the use of credit cards by Egyptians abroad. Under the new instructions, customers who fail to provide documented evidence of credit card use during their stay abroad within a maximum period of 90 days will be subject to a series of measures, including the suspension of their credit card and being listed on a platform managed by the Egyptian Credit Bureau.

Al-Ahram Weekly - Economy
2/12/2024 10:33:00 AM
People across the country were stunned by the sharp hikes in food prices last week.

Egypt - Tourism
2/11/2024 10:56:08 PM
EgyptAir denied on Sunday that its tickets booked inside Egypt are paid for in US dollars, after someone on social media claimed two days ago they could not pay for a ticket on EgyptAir's website in Egyptian pounds, paying in US dollars instead.

Al-Ahram Weekly - Economy
2/6/2024 9:15:27 PM
Egypt’s industrial sector holds the key to increasing exports, attracting investments, and alleviating the dollar crunch, experts tell Ahmed Abdel-Hafez

Al-Ahram Weekly - Egypt
2/6/2024 8:53:42 PM
Hopes are high for an end to Egypt’s foreign currency crunch, write Niveen Wahish and Sherine Abdel-Razek

Egypt - Society
2/6/2024 6:46:02 PM
Dollar exchange rate and Red Sea tensions are among key reasons behind the significant surge in coffee prices that Egypt has been recently witnessing, Hassan Fawzy, head of the Coffee Division at Cairo Chamber of Commerce, said on Tuesday.

Business - Economy
2/5/2024 6:58:33 PM
The Central Bank of Egypt (CBE) announced Monday an increase in the reserves of foreign currencies by about 30 million dollars.

Business - Economy
2/4/2024 9:14:27 PM
The US dollar recorded a noticeable drop against the Egyptian pound in the parallel market, reaching approximately EGP 55 over the past few hours, down from a recent peak of EGP 72 in the past few days, according to media reports.

Business - Economy
2/1/2024 8:35:31 PM
​Global investment banks Goldman Sachs and Pictet Asset Management issued recommendations urging investors to purchase Egypt's US dollar-denominated bonds, according to a report by Bloomberg.

Business - Economy
2/1/2024 3:52:05 PM
The National Bank of Egypt (NBE) has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases, according to a statement released by the state-owned bank on Thursday.

Business - Economy
2/1/2024 1:02:03 PM
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according to Bloomberg.

Business - Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

Business - Markets & Companies
1/30/2024 10:50:19 PM
Benchmark US crude oil for March delivery rose $1.04 to $77.82 per barrel Tuesday. Brent crude for March delivery rose 47 cents to $82.87 per barrel.

Al-Ahram Weekly - Opinion
1/30/2024 9:34:52 PM
Gamal Wagdy advises against securitising dollar revenues from Egypt’s main hard-currency earners like the Suez Canal

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