Boosting Savings: Egyptian Banks Offer Attractive Returns on Investment Certificates

Fri, 28 Jul 2023 - 01:10 GMT

The steps taken by Banque Misr and Commercial International Bank are part of an effort to attract hard currency, which the Egyptian market has been facing a shortage of for several months.

UPDATED: Dollar price records unprecedented rise, drop during Wednesday trading

Wed, 11 Jan 2023 - 12:10 GMT

While the Central Bank leaves prices setting according to the mechanisms of supply and demand, without any intervention to support the value of the local currency.

What the Egyptian government did to restore the make local currency stronger?

Sat, 08 Jun 2019 - 01:38 GMT

Foreign Policy published an article indicating that the Egyptian Economy is "collapsing," but they ignored the bold economic reforms the government made.

Dollar exchange rate continues downward trend at Egypt's major banks

Sun, 26 May 2019 - 01:25 GMT

The US dollar exchange rate continued its downward trend during transactions at major banks on Sunday.

Egypt is a haven market for traders: Bloomberg

Fri, 17 Aug 2018 - 09:50 GMT

In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.

Metro subscriptions reach 8,455 after hikes: Metro spokesman

Sun, 13 May 2018 - 10:43 GMT

Spokesperson for Metro service Ahmed Abdel Hady said the service is operating normally and the number of passengers was not affected by the new hikes in fares.

'Real' metro ticket price EGP 16, hikes vital for developments: Minister

Sat, 12 May 2018 - 09:33 GMT

Transport Minister Hisham Arafat said despite recent hikes in metro ticket prices, removing government subsidy will raise the price up to EGP 16.

Dollar rate stable at major banks

Thu, 26 Apr 2018 - 12:22 GMT

The US dollar exchange rate was stable at major banks on Thursday.

GUC: Egypt enjoys 'distinguished investment climate'

Fri, 23 Feb 2018 - 12:28 GMT

Head of the board of trustees of the German University in Cairo (GUC) Dr Ashraf Mansour said that devaluing the US customs dollar contributed to increasing foreign exchange flows to Egypt.

Pound devaluation in favor of Egypt’s exports: Minister

Tue, 08 Aug 2017 - 09:16 GMT

Egypt’s exports increased 9.4 percent to $14 billion in the period between November 2016 and June 2017, after the devaluation.

Business news wrap-up

Tue, 01 Aug 2017 - 05:30 GMT

A wrap-up for the most prominent news circulated during the day.

Business news wrap-up

Mon, 31 Jul 2017 - 03:11 GMT

A wrap-up for the most prominent news circulated during the day.

Delta Company for Fertilizers incurs LE 358M losses in 3 months

Fri, 21 Jul 2017 - 10:22 GMT

Delta Company for Fertilizers incurred LE 168 million losses from the Egyptian pound's flotation and LE 190 million from stoppage of the plants in three months.

CBE expands benefits of small project loans scheme

Thu, 13 Jul 2017 - 12:22 GMT

CBE decided Wednesday to expand the benefits of the small project loans scheme to encourage agricultural, livestock and fisheries production.

Egyptian Pound bounces back against U.S. dollar

Mon, 10 Jul 2017 - 11:48 GMT

The U.S. dollar exchange rate slightly declined against the Egyptian pound in Monday transactions.

Egyptian pound continues to strengthen against USD Thursday

Thu, 06 Jul 2017 - 02:26 GMT

Dollar down 2 piasters

Rules on importers tightened in crackdown on foreign goods

Sat, 03 Jun 2017 - 08:07 GMT

Egypt's Trade Ministry has issued tough new regulations on importers by sharply raising the minimum capital they need to operate.

USD rate steady in major Egyptian banks Wednesday

Wed, 17 May 2017 - 11:27 GMT

The U.S. dollar exchange rate held steady against the Egyptian pound in major banks on Wednesday.

Talaat Mostafa sales soar 87.8% in Q1

Thu, 11 May 2017 - 03:31 GMT

Talaat Mostafa Group Holding registered sales worth of 4.3 billion EGP ($237 million) in the first quarter (Q1) of 2017.

USD rate stable in Egypt’s major banks Monday

Mon, 08 May 2017 - 12:25 GMT

The U.S. dollar exchange rate held steady against the Egyptian pound in major banks on Monday.