Economy
Visa and Western Union cooperate to transfer money across 40 countries
March 12, 2024
Visa and Western Union cooperate to transfer money across 40 countries
Visa announced the signing of a seven-year agreement with Western Union (WU), allowing WU customers to receive money from their…
Egyptian banks adjust withdrawals and purchases limits for cards abroad
March 10, 2024
Egyptian banks adjust withdrawals and purchases limits for cards abroad
Banks operating in the Egyptian market have begun raising credit card withdrawal limits following orders from the Central Bank of…
Moody’s change to Egyptian economy outlook is a prelude to improved rating: Minister
March 9, 2024
Moody’s change to Egyptian economy outlook is a prelude to improved rating: Minister
Egyptian Finance Minister Mohamed Maait said that Moody’s changing the future outlook of the Egyptian economy from negative to positive…
Dollar rises against Egyptian pound following CBE’s devaluation of dollar exchange rate
March 7, 2024
Dollar rises against Egyptian pound following CBE’s devaluation of dollar exchange rate
The price of the dollar rose against the Egyptian pound on Wednesday morning in government and private banks, following several…
The value of Egyptian international bonds rises after the Central Bank’s decision: Reuters
March 7, 2024
The value of Egyptian international bonds rises after the Central Bank’s decision: Reuters
Egypt’s international bonds increased more than two cents following the Central Bank of Egypt‘s Wednesday decision to raise interest rates…
Egypt allows exchange rate to be determined by market mechanisms: CBE
March 6, 2024
Egypt allows exchange rate to be determined by market mechanisms: CBE
The Monetary Policy Committee of the Central Bank of Egypt (CBE) decided on Wednesday to allow the exchange rate to…
Egypt plans to increase US dollar proceeds: Official
March 5, 2024
Egypt plans to increase US dollar proceeds: Official
Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government has a plan to increase US dollar proceeds by raising investments…
Egypt sees significant decline in US dollar exchange rate at the black market
March 3, 2024
Egypt sees significant decline in US dollar exchange rate at the black market
The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to…
Fitch expects inflation rates in Egypt to decline on annual basis
March 2, 2024
Fitch expects inflation rates in Egypt to decline on annual basis
The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half…
Egypt receives US$ 10 billion from Ras al-Hikma deal
March 2, 2024
Egypt receives US$ 10 billion from Ras al-Hikma deal
Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment…