MSMEDA finances over 1.2m projects with EGP 27.1bn during Al-Sisi’s presidency
Agency partners with Ministry of Petroleum and Mineral Resources on project converting…
Annual core inflation slows to 1.5% in May: CBE
Last month’s inflation reading below expectations, so interest rates may remain fixed…
Egypt’s annual urban inflation falls to 4.7% in May: CAPMAS
CAPMAS explained that the consumer price index (CPI) totalled 107.7 points in…
Banque Misr arranges EGP 1.5bn loan to finance Damietta Furniture City
Project aims to establish integrated industrial city that includes furniture manufacturers and…
CBE receives 26 offers to invest $720m in T-Bills auction
The CBE accepted 20 offers worth a total of $509.3m, with interest…
CBE offers $500m worth T-Bills on Monday
Proceeds to cover a previous offer worth $715m issued on 11 June…
New IMF loan slows down US dollar appreciation against Egyptian pound
Egypt’s foreign reserves fall to $36.0037bn in May, from $37.037bn in April,…
Recent devaluation of Egyptian pound against US dollar normal, temporary: banking pundit
Like all currencies worldwide, local currency bound to be affected by current…
US dollar trades at EGP 16.02 to buy, EGP 16.12 to sell on Wednesday
The rise in the dollar also pushed the prices of Arab and…
Local currency deposits in banks rise by EGP 41bn in April
CBE figures also show decrease in surplus of net foreign assets for…