Fed Chair hints at possible rate cuts
The US Federal Reserve Chair Jerome Powell on Friday morning (ET) signaled that the Federal Reserve might lower…
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Egypt, Huawei pact on smart power grid initiative
Egypt's Minister of Electricity, Mahmoud Essmat, met with Jim Liu, the CEO of Huawei Egypt, on Thursday to explore…
Egypt Industry: Plans to hold specialised fairs to bridge gap between imports, exports
The Egyptian ministerial group for industrial development held its fourth meeting on Thursday to address the…
Egypt’s gold prices suffer fluctuations
Egypt's gold market suffered a lot of turbulence in the last couple of days with no obvious reason. These…
EGP closes slightly down against USD on Thursday
The Central Bank of Egypt (CBE) reported the average exchange rates for the US dollar (USD) against the Egyptian…
EGP stable against USD in Thursday early trade
The Egyptian Pound (EGP) remained stable against the US Dollar (USD) at the start of trading on Wednesday, August…
S. Arabia mulls converting Egypt’s debt into investment
Saudi Arabia is considering converting a $5 billion deposit in Egypt’s central bank into investments, announced the…
URGENT: IMF approves 3rd review of Egypt’s loan programme
The IMF Executive Board completed early on Tuesday (CLT) the third review under the Extended Arrangement under the…
Significant improvement in Egyptian economy – CBE
Egypt’s debt reduction, robust reserves, and prudent policies have positioned the country for sustained growth and…
Egypt’s c. bank FX surplus up to $10.3b by June ’24
The net assets held by the Central Bank of Egypt (CBE) increased significantly to $10.3b up from (negative) $11.4b…
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