Thursday 14 Nov

Bank

PM: Decree to form Economic Ministerial Group
2024/07/14

PM: Decree to form Economic Ministerial Group

Prime Minister Dr. Moustafa Madbouli issued a decree establishing the economic ministerial group and defining its responsibilities

Experts: Central Bank unlikely to lower rates at upcoming meeting
2024/07/10

Experts: Central Bank unlikely to lower rates at upcoming meeting

Experts and bankers rule out a decision by the Monetary Policy Committee of the Central Bank of Egypt to lower the interest rate at its...

US dollar stabilizes in banks Monday
2024/07/08

US dollar stabilizes in banks Monday

On Monday, the U.S. dollar price stabilized in Egyptian banks. Buying levels ranged from 47.88 to 47.9 Egyptian pounds, while selling levels were between 48...

Egypt's foreign reserves hit record high of $46.4 billion
2024/07/07

Egypt's foreign reserves hit record high of $46.4 billion

The Central Bank of Egypt (CBE) announced today, Sunday, that its foreign reserves rose by $260 million to reach $46.4 billion at the end of...

El-Mashat highlights international financing's role in public-private partnerships
2024/07/01

El-Mashat highlights international financing's role in public-private partnerships

Dr. Rania El-Mashat, Minister of International Cooperation, emphasized that Egypt's cooperation with development partners is guided by a clear national strategy and state-defined priorities. This...

Al-Mashat: €5.5 billion EU funding boosts Egyptian private sector over 4 years
2024/06/29

Al-Mashat: €5.5 billion EU funding boosts Egyptian private sector over 4 years

Minister of International Cooperation, Dr. Rania Al-Mashat, revealed on Saturday that the European Union has provided $5.5 billion in funding to the private sector in...

Urgent! Egypt Secures New $700 Million Financing from World Bank
2024/06/24

Urgent! Egypt Secures New $700 Million Financing from World Bank

The World Bank Group's Board of Directors has approved a $700 million loan to the Egyptian government under the Development Policy Financing (DPF) program to...

$2 billion boost: Egypt secures budget support from development partners
2024/06/24

$2 billion boost: Egypt secures budget support from development partners

Dr. Rania Al-Mashat, Minister of International Cooperation, said that the past period has witnessed intensive negotiations and coordination between multilateral and bilateral development partners and...