Positive Outlook

Egyptian remittances returning to normal as black market shrinks: PM

Wed, 13 Mar 2024 - 01:49 GMT

Prime Minister Mostafa Madbouli announced that remittances from Egyptian expatriates are gradually returning to their usual levels, particularly due to the narrowing gap between the official exchange rate and the black market rate.

Egypt commits to strengthening credit rating after Moody's positive outlook revision

Fri, 08 Mar 2024 - 10:58 GMT

Minister of Finance, Mohamed Maait, has reaffirmed Egypt's determination to enhance its credit rating in the near future, according to a statement from the Cabinet on Friday.

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