Tanmiya Capital Ventures to launch second fund targeting medium-sized enterprises
Tanmiya Capital Ventures, a leading investment firm in Egypt, is preparing to launch its second fund, “TCVII,” with a target size of up to $100m. The fund will focus on…
TV series featuring actors’ relatives compete for Ramadan viewership
Al-Nabawi family faces off against Zaher’s and Siam’s
Local gold prices soar amid confusion after CBE raises interest rates, floats pound
One gram of 21-carat gold costs EGP 3,200
18 Palestinians die from malnutrition, dehydration amid Israeli siege: Gaza Health Ministry
The Gaza Health Ministry announced that the death toll from the Israeli aggression, which began on 7 October 2023, has reached 30,717, while 72,156 others have been wounded. The ministry…
Egypt floats pound, raises interest rates by 6% to tackle inflation
The Central Bank of Egypt (CBE) announced a two-pronged approach on Wednesday, in an effort to address pressing economic challenges. The bank decided to float the Egyptian pound, ending its…
EGP liberalisation: New phase of economic reform, growth
The chairperson of the Egyptian Businessmen’s Association, Ali Issa, said that the decision of the Central Bank of Egypt (CBE) to liberalise the exchange rate of the Egyptian pound was…
Dollar soars to EGP 49.5 on first day of exchange rate liberalisation
The Egyptian pound plunged against the US dollar on Wednesday, as the Central Bank of Egypt (CBE) announced the liberalisation of the exchange rate, allowing banks to set their rates…
CBE decisions strike blow to black market, say banking experts
Experts praise move as crucial, positive step to eliminate speculation
NBE, Banque Misr launch new savings certificates with up to 30% return
Yield of some certificates, loan products increases automatically after CBE decides to hike interest rates by 6%
Opinion| The risks associated with a militarized Red Sea
The recent “tanker war” in the Red Sea echoes a similar conflict from the mid-1980s, during the Iran-Iraq War (1980-1988). In that era, President Saddam Hussein’s air forces targeted Iranian…
