Egyptian Artist Ahmed Saad Announces “From Himself” Initiative to Help Economy: Donates $50,000

Egyptian Artist Ahmed Saad Announces “From Himself” Initiative to Help Economy: Donates $50,000

Dubai United Arab Emirates (CNN) – Users of social media platforms interacted with the announcement by the Egyptian artist, Ahmed Saad, of a new initiative “From Himself” to contribute to helping the Egyptian economy recover in light of the crisis it is going through. Ahmed Saad said in a video he posted on his pages … Read more

Prime Minister Dr. Mostafa Madbouly Chairs Ministerial Economic Group Meeting to Discuss Egyptian Economy

Prime Minister Dr. Mostafa Madbouly Chairs Ministerial Economic Group Meeting to Discuss Egyptian Economy

Written by Hend Mukhtar Thursday, December 28, 2023 09:14 PM Dr. Mostafa Madbouly chaired, Prime MinisterThis evening, the Ministerial Economic Group meeting; To discuss and follow up on a number of economic files. Counselor Mohamed Al-Homsani, the official spokesman for the Presidency of the Council of Ministers, indicated that the meeting followed the performance indicators … Read more

Egypt’s Onion Crisis: Government Extends Export Ban to Tackle Soaring Prices

Egypt’s Onion Crisis: Government Extends Export Ban to Tackle Soaring Prices

The beginning of the crisis was at the end of last September, when the price exceeded 25 pounds per kilogram for the first time in Egypt’s history, which prompted the government at the time to issue a decision to stop the export of this commodity, which is a main ingredient in most Egyptians’ foods, for … Read more

120 petroleum agreements with international companies with investments amounting to 22 billion dollars.. Video – Youm7

120 petroleum agreements with international companies with investments amounting to 22 billion dollars.. Video – Youm7

Sunday, December 10, 2023 12:02 AM Great efforts are being made by Egypt to become a regional center for the trade and circulation of oil and natural gas. It has worked to achieve optimal economic benefit from all available natural resources and capabilities, diversify energy sources, and work to modify the energy mix, as well … Read more

The Egyptian Stock Exchange Achieves Record Rise in 2023

The Egyptian Stock Exchange Achieves Record Rise in 2023

Cairo, Egypt (CNN) – The Egyptian Stock Exchange achieved record levels during the last week’s sessions, as the main index rose by 7.61% to exceed the level of 23 thousand points for the first time in its history, rising by 59.35% since the beginning of the year, and the market capitalization gained 116 billion pounds. … Read more

Egypt’s Debt Crisis: Morgan Stanley Downgrades Egyptian Debt View to Not Favorable

Egypt’s Debt Crisis: Morgan Stanley Downgrades Egyptian Debt View to Not Favorable

Cairo, Egypt (CNN) – Morgan Stanley modified its view of Egyptian debt from “neutral” to “not favorable” due to the increase in the size of credit risks in the near term, attributing the reason for this to the continued burden of credit rating risks and the possibility of a rise in interest rates in the … Read more

The impact of interest rates and inflation on Egypt’s economy

The impact of interest rates and inflation on Egypt’s economy

Cairo, Egypt (CNN) – The Central Bank of Egypt decided, on Thursday, to maintain the deposit and lending return rates at the level of 19.25% and 20.25%, respectively, attributing the reason for this to “the consistency of the inflation data with the bank’s expectations,” while bankers believe that Increasing interest rates “is no longer the … Read more

Egyptian Government’s Social Protection Decisions and Exchange Rate Speculation

Egyptian Government’s Social Protection Decisions and Exchange Rate Speculation

Dubai, United Arab Emirates (CNN) – Economists ruled out that the Egyptian government would take a decision to move the exchange rate of the pound against the dollar, after the package of social protection decisions taken by President Abdel Fattah El-Sisi, yesterday, Saturday, stressing that the government is working to increase its dollar revenues to … Read more

Egypt Launches National Strategy for Population and Development to Address Population Growth Challenges

Egypt Launches National Strategy for Population and Development to Address Population Growth Challenges

Cairo, Egypt (CNN) — Egypt launched the “National Strategy for Population and Development”, which aims to implement a program that balances population growth rates with the available resources in the country by educating citizens about the seriousness of high fertility rates without preventing the family’s right to determine the number of its children. Representatives stressed … Read more

Cairo Stock Market Achieves Record High Amid Improving Egyptian Economy

Cairo Stock Market Achieves Record High Amid Improving Egyptian Economy

Cairo, Egypt (CNN) — The relative improvement of the Egyptian economy’s indicators was reflected in the stock market’s performance, which recorded the highest level in its history during the Sunday and Monday sessions of this week, and foreign investments resumed pumping investments again with limited values ​​after a continuous sale that lasted 18 months. Capital … Read more