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Egypt News
Egypt’s local gold prices hike on mid-Monday
Egypt’s 24-carat gold prices reached EGP 3,771.5 per gram for selling and EGP 3,714.25 for buying, on Monday at…
Egypt’s initial surplus grows more than 8-fold y-o-y in 9 months –minister
Egypt registered an initial budget surplus of 416 billion Egyptian pounds ($8.75 billion) in the first nine months…
Egypt’s gold prices see slight increase on mid-Monday
Egypt’s 24-carat gold prices reached EGP 3,662.75 per gram for selling and EGP 3,628.5 for buying, on Monday at…
Egypt allocates EGP 96b for Cairo’s development – minister
The Ministry of Planning and Economic Development in Egypt declared on Monday that Cairo is slated for 1,260…
Egypt’s top FX firms collect EGP 11.9b after flotation decision
The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
SCzone inks a $40m deal with Eroğlu for West Qantara project
The General Authority for the Suez Canal Economic Zone (SCZONE) signed on Sunday a $40 million contract with…
Egypt’s inflation drops to 33.1% in March
Egypt’s general Consumer Price Index (CPI) dropped to 221.6 points in March 2024, indicating an annual inflation…
Egypt’s c. bank offers EGP 6b zero coupon T-bonds
Egypt’s central bank (CBE) announced on Monday the issuance of 539-day treasury zero-coupon bonds worth six billion…
Egypt’s c. bank auctions fixed-rate EGP deposits
The Central Bank of Egypt (CBE) offered on Tuesday fixed-rate deposits for three years, totalling four billion…
Egypt eyes initial surplus of 3.5% in ’27 – minister
Egypt is targeting a substantial initial surplus of 3.5 per cent of GDP by the end of June 2027, said Minister of…