CBE withdraws EGP 1.24trn from 24 banks in open market operation at 27.75%
The Central Bank of Egypt (CBE) withdrew EGP 1.24tn from 24 banks in open market operations last week, at an interest rate of 27.75%. This action follows the CBE’s recent…
Non-food inflation main driver of overall price increases: CBE
Egypt's annual urban headline inflation slightly increased to 26.4% in September, compared to 26.2% in August 2024. Non-food inflation continued to be the primary driver of headline inflation, as it…
Why CBE maintains interest rates for fourth consecutive time?
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided last Thursday to maintain the overnight deposit and lending rates and CBE’s main operation at 27.25%, 28.25%…
e& Business Egypt showcases cutting-edge digital solutions at GITEX Global 2024
e& Business Egypt, the enterprise arm of e& Egypt, made a significant impact at GITEX Global 2024, one of the world’s largest tech exhibitions, held from 14 to 18 October.…
New Instagram campaign to raise awareness and help protect teens from sextortion scams
Takeaways ● Instagram is announcing measures to further protect people from sextortion, including hiding follower and following lists from potential sextortion scammers, preventing screenshots of certain images in DMs, and…
Enigmatic Hamas Leader Yahya Al-Sinwar killed in clashes with Israeli occupation in Gaza
Yahya Al-Sinwar, the enigmatic leader of Hamas, was killed in a clash with Israeli soldiers in Gaza on Wednesday, the Israeli military said Thursday. Al-Sinwar's death, a significant blow to…
Egypt’s President calls for De-escalation in Middle East during meeting with Iran Foreign Minister
Egyptian President Abdel Fattah Al-Sisi met with Iran Foreign Minister Abbas Araghchi on Thursday, urging de-escalation in the Middle East and calling for an end to violence in Gaza, Lebanon,…
BRICS+ Media Centre Opens in Moscow to Foster Humanitarian Cooperation
MOSCOW — The BRICS+ Information and Cultural Media Centre was inaugurated on October 15th in Moscow. The centre, a joint initiative by the All-Russian State Library for Foreign Literature named…
Iranian Doctors Achieve Success in Artificial Cornea Transplantation
Iranian doctors have successfully performed cornea transplantation using locally produced artificial corneas, according to Mahmoud Jabarvand, Chairman of Iran's Ophthalmology Association. Jabarvand highlighted the efforts of Iranian scientists over the…
India Establishes Secretariat for Global Biofuels Alliance
India has signed a Host Country Agreement (HCA) with the Global Biofuels Alliance (GBA), establishing a secretariat for the initiative in the country. The GBA, launched at the 2023 G20…
