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Business
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Tech
2/9/2023 4:41:58 PM
Egypt's telecom sector is facing a host of challenges in the local market, such as high interest rates, depreciation of the Egyptian pound, and surging inflation, according to CEO of Etisalat Egypt Hazem Metwally.
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Business
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Economy
2/6/2023 6:04:45 PM
Egypt’s real GDP growth is expected to moderate to three percent in 2023 with a higher inflationary wave anticipated over the year, Fitch Solutions said in its MENA Monthly Outlook report shared with Ahram Online.
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Business
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Economy
2/2/2023 10:16:33 PM
The Egyptian pound has continued its slip against the US dollar for the fourth day in a row, hitting 30.3 for 1 USD, according to the official exchange rate of the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
2/2/2023 2:07:57 PM
The dollar and euro exchange rates to the EGP were stable at the beginning of Thursday's transactions at Egypt's major banks, with the dollar recording an average of EGP 30.2 and the euro registering EGP 33.2.
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Business
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Economy
1/30/2023 8:57:13 PM
The Egyptian pound slipped to a new low at over EGP 30 against the US dollar on Monday as the country battles rising inflation and a shortage in foreign currency sparked by the global economic crisis.
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Egypt
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Society
1/29/2023 1:57:02 PM
Just as they have done for centuries, Egyptians in the social media era are employing humour, memes and comics as they deal with the economic difficulties that the country is facing as a result of the consequences of the global crisis.
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Al-Ahram Weekly
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Egypt
1/24/2023 9:06:47 PM
Moscow has adopted the Egyptian pound as a currency of trade, reports Gamal Essam El-Din
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Business
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Economy
1/19/2023 3:20:34 PM
Russia's central bank has added nine currencies to its list of exchange rates against the ruble, including the Egyptian pound, starting 18 January.
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Business
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Economy
1/18/2023 1:39:36 PM
Egyptian banks’ regulatory capital ratios, especially in private banks, can withstand further Egyptian pound depreciation because of their healthy internal capital generation, Fitch Ratings said in a note on Tuesday.
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Business
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Economy
1/12/2023 5:04:07 PM
The Egyptian pound is continuing to witness significant fluctuations against the US dollar on Thursday, surpassing EGP 30 in a number of foreign and Arab banks operating in the Egyptian market.
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Business
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Economy
1/11/2023 5:38:00 PM
In a dramatic performance on Wednesday, the Egyptian pound hit its lowest-ever price of EGP 31 against the US dollar, losing over 100 percent of its value since March before slowing down to EGP 29.63 at the Central Bank of Egypt (CBE) and major banks.
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Business
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Economy
1/9/2023 4:56:21 PM
The Egyptian pound continued its downward trend on Monday, depreciating by 50-60 piastres against the US dollar in major banks.
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Business
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Economy
1/5/2023 4:27:10 PM
The Egyptian pound continues to fall against the US dollar to trade at over EGP 27 for the dollar at the end of this week's transaction.
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Business
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Economy
1/4/2023 4:40:00 PM
The Egyptian pound lost over 10 percent of its value against the US dollar in Wednesday’s transactions at major banks, a few hours after the National Bank of Egypt (NBE) and Banque Misr offered new 25-percent-yield saving certificates.
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Business
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Economy
1/4/2023 12:30:27 PM
The National Bank of Egypt (NBE) and Banque Misr have issued new one-year maturity saving certificates with a 25 percent yield after one year, the highest yield on record, the two banks announced on Wednesday.
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Business
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Economy
12/28/2022 3:46:18 PM
The Egyptian pound has lost over 25 percent of its value against the US dollar since March, when the Russia-Ukraine conflict started.
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Egypt
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Health
12/26/2022 9:23:31 PM
Egypt’s biggest children's cancer hospital 57357 -- which mainly relies on donations -- is fighting for survival as the country braces up to face the consequences of another possible devaluation of the Egyptian pound and fights to reduce the impact of the global economic crisis.
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Egypt
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Society
12/23/2022 6:16:00 PM
It came as no surprise that the US dollar's exchange rate against the Egyptian pound was the most searched-for question by millions of Egyptians on Google throughout 2022, according to the mega search engine's annual 'Year in Search' report that was released on Wednesday.
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Business
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Economy
12/20/2022 5:10:27 PM
The Central Bank of Egypt (CBE) sent on Sunday a circular to the banks that includes new measures meant to control the proceeds of gold exports from the local market.
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Business
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Economy
12/18/2022 5:22:16 PM
The exchange rate of the US dollar against the Egyptian pound was stable at the close of transactions Sunday at Egypt's major banks, the first working day after the International Monetary Fund (IMF) approved Egypt’s $3 billion new economic reform programme.
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