Browsing: Egypt

CAIRO: Egypt’s central bank said on Wednesday that it had hiked interest rates by 600 basis points at an unscheduled meeting and that it would allow the exchange rate to be set by market forces as it shifted to an inflation targeting regime.

Foreign and Expatriates Minister, Fayssal Mikdad, met representatives of the Syrian community in Egypt, including industrialists and businessmen on the…

Foreign and Expatriates Minister, Fayssal Mikdad, continued his meetings with a number of his counterparts participating in the meeting of…

New orders fell at the fastest rate since March 2023, with domestic sales faring poorly amid rising price pressures and supply-side challenges

Fawry Dahab and PayMe will join forces to enable Egyptian expatriates in the Gulf region and globally to carry out financial transactions and pay bills electronically in the Arab Republic from abroad via the PayMe app

Egypt’s M2 money supply rose by 16.59% year-on-year in January, central bank data showed on Tuesday.

The foreign ministers of Egypt and Somalia met on Tuesday to discuss ways to enhance relations between the two countries…

Egyptian Foreign Minister Sameh Shoukry has stressed the humanitarian and legal responsibility of the UN Security Council to ensure the…

On February 29th, Prime Minister Mostafa Madbouly said that Egypt received $5 billion of the first tranche of the agreed-upon funds with ADQ

Egypt targets total investments worth EGP 81.4 billion in the electricity and energy sector during the current fiscal year (FY) 2023/2024, the Egyptian Ministry of Planning and Economic Development stated.