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Business
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Economy
3/20/2023 4:28:56 PM
Egypt’s undeliverable futures recorded an all-time high on Monday, posting EGP 40.25 per $1, up from EGP 39.39 at the opening hour.
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Business
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Economy
3/9/2023 12:49:35 PM
The one-year certificates of deposit (CDs), with 18 percent annual yield the National Bank of Egypt (NBE) and Banque Misr issued in March 2022, will mature on 19 March, raising questions about the local market's reaction.
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Egypt
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Politics
3/8/2023 9:13:00 PM
Egypt has lowered the financial requirements for foreigners who apply to acquire Egyptian citizenship by purchasing state-owned property, starting investment projects or through depositing various sums in US dollars in the public treasury.
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World
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Region
3/7/2023 10:08:03 AM
The Lebanese pound has lost as much as 98 percent in value since late 2019, and now most restaurants and many stores are demanding to be paid in dollars to bypass what’s seen as a nearly useless currency
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Business
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Economy
3/6/2023 5:56:06 PM
Egypt's net international reserves (NIRs) rose in February by $128 million to reach $34.3 billion, up from $34.2 billion registered by the end of January 2023, the Central Bank of Egypt (CBE) announced on Sunday.
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World
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Region
3/1/2023 7:14:25 PM
Supermarkets in Lebanon started pricing items in US dollars on Wednesday instead of the nose-diving local currency, after a government announcement allowing the practice in a country heavily reliant on imports.
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Business
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Economy
2/21/2023 4:02:45 PM
Egypt initiated on Tuesday the issuance of its first US dollar-dominated sovereign bonds, known as Islamic sukuk, with a maturity of three years, in an effort to bridge the anticipated financing gap over the next four years.
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Business
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Markets & Companies
2/19/2023 3:09:56 PM
Egypt-based digital payment provider PaySky announced on Sunday a partnership with Dahab Masr to offer an online gold investment app called Yalla Invest.
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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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Energy
2/6/2023 5:21:45 PM
Egypt’s government intends to announce within days a hike of fuel prices within the legal 10 percent increase, a source inside the Fuel Automatic Pricing Committee (FAPC), which reviews fuel prices quarterly, told 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
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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Business
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Economy
1/26/2023 3:46:50 PM
The Pakistani rupee dived to a historic low against the US dollar on Thursday after an exchange cap was lifted as Islamabad campaigns to unlock a vital bailout from the IMF.
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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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Opinion
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Opinion
1/11/2023 4:25:00 PM
There is no doubt that the Egyptian economy is going through some challenging times.
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Business
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Economy
1/9/2023 10:53:42 PM
Egypt’s Prime Minister Mostafa Madbouly has issued a number of regulations for state bodies to rationalise public expenditure amid the ongoing global economic crisis, including postponing new projects that need US dollars and have not yet started.
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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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