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Business
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Economy
9/4/2023 3:17:46 PM
Capital Intelligence (CI) Ratings has lowered Egypt’s long-term foreign and local currency ratings to B from B+, revising the outlook to stable from negative, according to a statement.
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Business
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Markets & Companies
8/29/2023 3:54:16 PM
The Egyptian Exchange (EGX) kept its positive track for the third consecutive day, and the main index, EGX, reached a new high at over 18,620 points on Tuesday. Gold, on the other hand, maintained its downward trajectory.
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Business
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Economy
8/24/2023 10:43:51 PM
Financial experts believe Egypt will gain enormous benefits from joining the BRICS bloc, including access to mechanisms which would help the country meet foreign currency crunches and budget deficits, in addition to strengthening confidence in its economy.
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Egypt
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Foreign Affairs
8/13/2023 11:07:39 PM
Egyptian adult male expats who are eligible to perform compulsory military service in the country can apply to settle their military service status through this website: https://www.tagneedinit.gov.eg/HomePage.html - starting Monday 14 August.
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Business
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Markets & Companies
8/7/2023 8:20:26 PM
Azimut Egypt is considering launching an investment fund for Egyptian expats to attract subscriptions in foreign currency, Ahmed Abou El-Saad, CEO & Managing Director of Azimut Egypt, said in a statement on Monday.
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Business
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Markets & Companies
8/6/2023 6:43:57 PM
Al Ezz Dekheila Steel Alexandria, Egypt's biggest steel manufacturer, is seeking syndicated loans in foreign currency to finance the purchase of shares from shareholders unwilling to remain with the company after the delisting from the Egyptian Exchange (EGX), according to a bourse filing on Sunday.
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Business
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Economy
7/27/2023 8:43:10 PM
Egypt has sold $2 billion worth of land between 1 January and 30 June 2023, announced Minister of Housing Assem El-Gazzar on Thursday after the Cabinet meeting on Thursday.
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Business
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Economy
7/13/2023 3:28:15 PM
Foreign currency deposits at Egyptian banks have reached around $50 billion and they are safe, said the Federation of Egyptian Banks (FEB) in a statement on Wednesday.
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Business
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Markets & Companies
7/10/2023 7:58:20 PM
The Egyptian Exchange indices rebounded on Monday, after a drop in the beginning of the week. Gold prices declined marginally.
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Business
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Economy
7/5/2023 6:36:59 PM
The Egyptian Cabinet issued a decree on Wednesday allowing foreigners to buy real estate properties without restrictions while requiring them to pay in hard currency.
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Business
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Markets & Companies
7/4/2023 5:04:07 PM
There were no major changes in Egypt's gold and stock markets on Tuesday, after the seven-day long Eid Al-Adha holiday.
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Business
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Markets & Companies
6/24/2023 3:31:40 PM
Egypt’s steel production has slowed since the beginning of the year as a result of a foreign currency shortage and a decline in local demand, two board members from the Chamber of Metallurgical Industries (CMI) at the Federation of Egyptian Industries told Ahram Online.
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Business
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Economy
6/19/2023 6:07:43 PM
Egypt ranked sixth among low and medium-income countries that received remittances in 2022, a slight decline from its fifth place ranking from the previous year, according to a report by the World Bank in June.
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Business
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Economy
6/6/2023 11:40:28 AM
Egypt's net international reserves increased by $109.2 million during May 2023, the Central Bank of Egypt (CBE) announced on Tuesday.
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Business
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Economy
6/4/2023 2:17:00 PM
Remittances by Egyptians working abroad plunged by 23 percent during the first half (H1) of the fiscal year 2022/2023, declining to $12 billion from $15.6 billion in the same period a year earlier, according to data from the Central Bank of Egypt (CBE) in May, adding further strain to the country's foreign currency reserves.
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Al-Ahram Weekly
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Opinion
5/16/2023 11:31:40 PM
Egypt’s economy is far from having run out of options, writes Gamal Wagdy
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Business
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Economy
5/15/2023 2:20:50 PM
The Central Bank of Egypt (CBE) has updated rules governing licensing, operations, supervision and closing of foreign exchange companies, according to a circular issued on 14 May.
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Business
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Economy
4/9/2023 7:46:47 PM
After a number of recent treasury bill (T-bills) offerings by the Central Bank of Egypt (CBE) under-performed, Ahram Online sat down with experts to investigate whether there is any way to increase the desirability of Egyptian debt instruments.
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Business
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Economy
3/31/2023 12:09:59 AM
The National Bank of Egypt (NBE) has denied reports that it or any other banks operating in Egypt have issued a new savings certificate with a high return of up to 25%-30% in return for giving up foreign currency.
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Egypt
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Society
2/27/2023 6:49:13 PM
Egypt's House of Representatives passed on Monday a law allowing expatriates to import private vehicles with a grace period of six months -- up from four months -- to pay fees and custom duties, as the government endeavours to attract foreign currency.
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