No intervention in foreign exchange market; it operates freely: CBE’s Deputy Governor
Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt (CBE),…
ODE achieves record EGP 32.5bn in real estate sales, marking 67% growth in FY 2024
Orascom Development Egypt (ODE) has announced its consolidated results for Q4 2024,…
PMI exceeds 50, signalling economic growth: Egypt’s Prime Minister
Egypt's economic reforms are showing positive results as the Purchasing Managers' Index…
Egyptian remittances: Cornerstone of economic stability
Remittances from Egyptians working abroad remain one of the most significant and…
Egypt’s foreign exchange earnings surge to $159.6bn in 2023/2024
Egypt's foreign exchange earnings reached $159.6bn in the 2023/2024 fiscal year, marking…
Egypt’s banking sector records $5.95bn net foreign asset surplus in November 2024
The Central Bank of Egypt (CBE) announced that the banking sector’s net…
Total foreign exchange receipts reach $121.9bn in 2022/23
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued the Annual…
CBE spots illegal foreign exchange trading schemes
$55m was withdrawn from Egyptian credit and debit cards abroad in one…
US dollar slips after Fed holds interest rates steady
Euro was up to 1.1764 US dollar from 1.1721 dollars in the…
Geopolitical events cast shadow over expectations of pound’s interest, reserve, inflation
I expect a rate cut from 2% to 3%, exchange rate to…