Reasons behind CBE unexpected rate hike

Fri, 07 Jul 2017 - 06:08 GMT

The Monetary Policy Committee hiked the overnight deposit and lending rates in an attempt to tame a new inflation wave on the back of slashing energy subsidies.

Depreciation leads to drop in Umrah rates, change in rules

Mon, 13 Mar 2017 - 12:30 GMT

The rules for performing Umrah, the lesser pilgrimage, changed this year due to the Egyptian pound’s depreciation against the dollar, Chairman of the Egyptian Chamber of Travel and Tourism Agencies