Egypt’s 21-karat gold price drops $16.8 amid market turmoil: iSagha
The local gold markets experienced a state of turmoil, fluctuations, and a halt of trade during the past week, due to the emergence of a parallel market that traded at…
Egypt, Islamic Development Bank cooperation portfolio reaches $20.72bn in various fields
El-Said discusses cooperation avenues with President of Islamic Development Bank
Egypt, Tunisia discuss cooperation in health sector
Egypt’s Minister of Health and Population, Khaled Abdel Ghaffar, met with the Ambassador of Tunisia to Egypt, Mohammed bin Youssef, on Sunday to discuss ways to enhance cooperation between the…
Death toll in Gaza reaches 27,365 amid ongoing Israeli aggression
The Ministry of Health in Gaza said on Sunday that the Israeli aggression has killed 27,365 people and injured 66,630 others since 7 October. It said that the occupation forces…
Egypt PM seeks solutions to urgent medical supply shortages
Egyptian Prime Minister Mostafa Madbouly convened a meeting Sunday to address the critical issue of medicine and medical supply shortages plaguing the healthcare sector. The high-level meeting, attended by key…
Egypt, France reject any measures to displace Palestinians
Egypt’s President Abdel Fattah Al-Sisi met with French Foreign Minister Stéphane Séjourné on Sunday to discuss the developments in the Gaza Strip and the bilateral relations. The spokesperson of the…
NBE, Banque Misr raise EGP 565bn from high-interest certificates in one month
The National Bank of Egypt (NBE) and Banque Misr have raised EGP 565bn from the sale of savings certificates with 23.5% and 27% annual returns until last Thursday. Banque Misr’s…
Local liquidity in Egyptian banking sector grows by EGP 1.5trn in 2023
The Egyptian banking sector saw an increase of EGP 1.475trn in domestic liquidity, reaching EGP 8.877trn in December 2023, up from EGP 7.402trn in December 2022. According to a recent…
Abu Dhabi Islamic Bank leads EGP 5.5bn financing deal for Giza Systems, VAS Integrated Solutions
Deal represents first dual-structured financing compatible with Islamic Sharia in Egypt in Mudaraba, Murabaha forms
CBE raises interest rates to curb inflation amid financial control measures
The Central Bank of Egypt (CBE) anticipates persistent inflationary pressures in the Egyptian market due to financial control measures and supply-side factors. It also noted that the domestic liquidity growth…