Egyptian government prepares to sign mega investment deals soon: PM Madbouli

Thu, 07 Mar 2024 - 01:24 GMT

One day after the floatation of the Egyptian pound, Prime Minister Mostafa Madbouli held Thursday a press conference giving key statements on measures to be taken in the near future.

The Exchange Rate Treasure Trove

Sat, 01 Jun 2019 - 02:36 GMT

Despite it leading to dwindling personal purchasing power, the decline of the local currency against the dollar has been proving a goldmine for local manufacturers.

CBE lowers interest rates 1% as inflation plummets

Thu, 15 Feb 2018 - 06:18 GMT

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates.

Monetary Policy Committee to discuss interest rates Thursday

Thu, 15 Feb 2018 - 08:23 GMT

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will discuss Thursday the interest rates, amid expectations to gradually decline the rates in the upcoming months.

NBE collects $13.5B in foreign currencies 11 months

Tue, 26 Sep 2017 - 12:29 GMT

The National Bank of Egypt accumulated LE 330 billion from the “Platinum” certificates with interest rates of 16 and 20 percent in 11 months

Lecico Egypt turns profitable, posts LE 586M revenues in Q2

Mon, 14 Aug 2017 - 04:09 GMT

Operating earnings before taxes reached LE 47.7 million in the second quarter of 2017, against operating loss of LE 19.4 million in Q2 of 2016.

Volume of issued banknote up LE 8B by end of April: CBE

Mon, 14 Aug 2017 - 10:01 GMT

Egypt’s central bank has printed 100 million of the LE 1 notes in January and 100 million of the LE 0.5 notes.

Current deficit drops to $14B in FY17/18: HC Securities

Tue, 25 Jul 2017 - 02:40 GMT

HC Securities expected the current account deficit to decrease to $14.3 billion in the fiscal year of 2017/18 from $16.6 billion in the year-ago period.

MubasherTrade rates Buy/Low Risk on Arabian Cement

Fri, 14 Jul 2017 - 02:18 GMT

MubasherTrade Research assigned Arabian Cement Co (ACC) a Buy/Low Risk rating, setting its price target (PT) at LE 11.13 ($0.62) per share.

LE150B constitutes total amount of saving certificates since flotation

Sun, 09 Jul 2017 - 11:00 GMT

CBE has stressed that the banking sector has achieved considerable success, as the total amount of saving certificates reached approximately LE 150 billion.

Sisi discusses challenges of floatation during Damietta visit

Tue, 23 May 2017 - 09:20 GMT

President Abdel Fatah al-Sisi admitted the painful consequences of the floatation of the Egyptian pound, saying that Egypt is better now.

Egyptian Stock chief meets Infor, City Bank officials

Thu, 04 May 2017 - 10:00 GMT

Mohamed Omran, chief of the Egyptian Stock Company, met with a delegation from American giant Infor, an enterprise software company, alongside City Bank officials according to a Wednesday press statemen