News Egypt: Annual inflation rate in Egypt reaches new high as currency surges
Egypt's annual inflation surged to a new high in January as the country continues to battle ongoing price hikes and a depreciating currency, the Egyptian statistics bureau said on Thursday. The ...
News Egypt: Egypt begins talks over $5B loan, minister says
The negotiations, which started last week, are headed by the central bank, the minister said. He gave no details on what kind of loan Egypt is seeking. Egypt's central bank governor did not respond to ...
News Egypt: AmCham Forum Showcases Business Opportunities in Egypt
From May 25 to 26, the American Chamber of Commerce in Egypt (AmCham Egypt), in collaboration with the U.S. Chamber of Commerce, the U.S.-Egypt Business Council and the Egypt-U.S. Business Council, ...
News Egypt: Egypt's economy can weather more Red Sea attacks, says finance minister
AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...
News Egypt: Iran Conflict Sparks Risk, And Opportunity, For Egypt: CIB CEO Hisham Ezz Al-Arab
As CEO and board member of Commercial International Bank (CIB), Egypt’s largest private-sector bank, Hisham Ezz Al-Arab sees first-hand how the war is shaking regional financial markets, disrupting ...
News Egypt: How Red Sea attacks prepared Egypt’s economy for future shocks
The Red Sea ship attacks may have dented Egypt’s economy, costing billions of dollars in lost Suez Canal fees, but they also forced much-needed change, according to the head of Egypt’s largest private ...
News Egypt: Egypt’s banks increase focus on consumer opportunity
Egypt’s supportive regulation, together with the impact of Covid, saw cashless payments in the country grow by more than 230% last year. Now fintechs, banks and state-owned platforms all want a piece ...
News Egypt: Emirati and Egyptian central banks agree to a currency swap deal as Egypt’s economy struggles
CAIRO — The central banks of the United Arab Emirates and Egypt agreed Thursday to a currency exchange deal, which could bolster the struggling Egyptian economy. A joint news release said the agreement would allow the two central banks to exchange up to 5 billion Emirati dirhams and 42 billion Egyptian pounds, or roughly the equivalent of […]
News Egypt: Türkiye, Egypt vow to boost trade ties at Ankara roundtable
Türkiye's trade body head Hisarciklioglu, and Egypt’s Foreign Minister Abdelatty, during delegation-level talks, aim to push bilateral trade volume to $15B, as they renewed cooperation across key sectors - Anadolu Ajansı
News Egypt: How to Start Forex Trading in Egypt
Forex trading is a popular activity worldwide, allowing individuals to trade currencies and make money from fluctuations in exchange rates. In Egypt, forex trading has gained popularity among ...
News Egypt: One of Egypt’s Giza pyramids to get major facelift under controversial plan: ‘Project of the century’
This may be the ultimate fixer upper. Egyptian archeologists are working to restore one of Giza’s pyramids to what they believe it looked like when it was erected some 4,000 years ago — a plan they ...
News Egypt: Archaeologists in Egypt embark on a mission to reconstruct the outside of Giza's smallest pyramid
Cairo — Archaeologists have launched a huge project to restore the smallest of Giza's three famous pyramids to what they believe it looked like when it was built more than 4,000 years ago. An Egyptian ...
News Egypt: Egypt pyramid renovation proposal at Giza sparks backlash: ‘straightening the Tower of Pisa,’ critic says
A proposal to renovate one of the three iconic pyramids in Giza is getting some pushback from critics, one of whom likened such a venture to "straightening the Tower of Pisa." The project concerns the ...
News Egypt: Egypt's EGAS expects delay in gas import terminal -source
Egypt expects a delay in the delivery of an import terminal for liquefied natural gas (LNG), a plant that is expected to help it combat the worst energy crisis in years, a source at Egyptian Natural Gas Holding Company (EGAS) said on Sunday. Egypt can export LNG but cannot import it without installing the terminal. Egypt's oil ministry and Norway's Hoegh LNG said in May they had agreed for Egypt to use one of Hoegh's Floating Storage and Regasification Units (FSRU) for five years and that the terminal would be in place by September.
News Egypt: Egypt to pay $1.3B oil debt by June amid energy crunch
The country had accumulated around $6.1 billion in arrears by mid-2024, largely due to a prolonged foreign currency shortage that delayed payments and...
News Egypt: The EU plans to fast-track some financial aid to Egypt amid influx of migrants
BRUSSELS (AP) — The European Union intends to fast-track some of its aid money to Egypt using an urgent funding procedure that bypasses parliamentary oversight and other safeguards, according to the ...
News Egypt: Egypt: Staring Out Of The Abyss
Faced with an economy in near crisis, Egypt looks to bounce back. With a growing crisis on its doorstep as Hamas and Israeli forces go to war in Gaza and its economy in tatters, Egypt is suffering a ...
News Egypt: Egypt's Ambitious Oil and Gas Plans
Egypt is pursuing significant expansion in its fossil fuel sector with a $7 billion petrochemical complex and new oil and gas auctions, while also navigating challenges in regaining investor confidence after a difficult financial year.
