Egypt aims for $300bn in foreign currency income annually by 2030
Cabinet outlines eight strategic directions for economy for 2024-2030
Government postpones costly projects after local currency depreciation
The measures, detailed in the government’s official gazette, include stopping spending on…
Property buyers hedged against inflation, currency devaluation by investing in real estate: JLL
The residential sector witnessed higher levels of sales activity in Q3
CBE to discuss interest rates, local currency exchange on Thursday
US dollar reaches all-time high against Egyptian pound, Fed raises rates by…
EGP 516.9bn increase in non-governmental bank deposits in local currency within 6 months: CBE
Non-governmental bank deposits in local currency reach EGP 4.986trn in June 2022
Local-currency bank deposits increase EGP 88.589bn in September: CBE
In a recent report, the CBE stated that demand deposits in local…
US dollar slips after Fed holds interest rates steady
Euro was up to 1.1764 US dollar from 1.1721 dollars in the…
Foreign currency deposits account for 21.73% of total bank deposits end-May
Deposit growth fell to 11.34% in May from 11.46% in April
IMF warns that currency devaluations will not fix a country’s economic problems
Monetary easing can help stimulate domestic demand, which in turn benefits other…
Declining global interest rates to encourage hard currency borrowing in EM: IIF
Notably, China’s share of inbound FDI rose steadily from 5.4% in 2013…