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Money
As pound devalues, Egypt to adjust customs dollar exchange rate to 16 per dollar
Egypt will begin setting its dollar exchange rate for customs to 16 percent as of end of April, said Minister of…
Egypt devalues pound by 10.67% to dollar
Egypt's central bank has devalued the pound by up to 10.67 percent on Monday morning to 17.42-17.52 against the…
Egypt’s central bank hikes rates 1% in surprise meeting
Egypt's central bank has convened a surprise monetary policy meeting this morning to hike interest rates by 1…
Fitch sees Egypt’s central bank to raise rates at March 24 meeting
Egypt’s central bank will raise key interest rates in its upcoming 24 March monetary policy meeting, said Ratings…
Egypt in talks with IMF on possible financial or non-financial support deal: report
Egypt is in talks with the International Monetary Fund (IMF) on possible support that could be a loan or a…
IMF says has not received request from Egypt for new loan
The International Monetary Fund (IMF) has not received any financing request from Egypt, a senior IMF official told…
Egypt to issue Samurai bonds by June-end: official
Egypt plans to issue its Japanese yen-denominated Samurai bonds at the end of the current financial year 2021/2022,…
AfDB delegation starts visit to Egypt on Sunday to ensure success of COP27
A delegation of the African Development Bank (AfDB) has started on Sunday a five-day visit to Egypt for exploratory…
Remittances from Egyptians abroad grow 6.4% y-o-y in 2021: CBE
Remittances from Egyptians working abroad grew by 6.4 percent year-on-year to around $31.5 billion in 2021 from…
Egypt is ‘not yet’ in talks with IMF over new loan; says planning minister
Egypt is “not yet” in discussions with the International Monetary Fund (IMF) over securing a new loan, the…