Dubai, United Arab Emirates (CNN) – Activists circulated on social media the statements of the Egyptian President, Abdel Fattah El-Sisi, in which he addressed the causes of the economic crisis and the rise in prices in Egypt, during an inspection tour of the Egyptian Military Academy, on Saturday, during which he spoke with the students … Read more
Dubai, United Arab Emirates (CNN) – The price of the dollar has rebounded against the Egyptian pound in the parallel market, ranging from 38.5 to 40 pounds, according to dealers, after a stability of about two months. Experts attributed the reasons for the rise of the dollar again on the black market to renewed talk … Read more
Abdel Halim Salem wrote Friday, July 14, 2023 12:00 AM The American global Goldman Sachs Foundation predicted that the Egyptian economy will rank seventh in the world in 2075, as the second African economy after Nigeria, which is expected to rank fifth, in the latest report of the financial institution. The report revealed that Egypt’s … Read more
Title: Egyptian Government Partners with International Finance Corporation to Sell Assets Worth $40 Billion Cairo, Egypt (CNN) – In a significant move to boost the private sector and accelerate economic growth, the Egyptian government has entered into a contract with the International Finance Corporation (IFC), the arm of the World Bank Group, to provide technical … Read more
a sh a Wednesday, 07 June 2023 05:26 PM The World Bank expected that the Egyptian economy would lead the growth of the economies of the Middle East region, with a growth of 4% during the current fiscal year, to continue its progress over the countries of the region until 2025. According to a World … Read more
Dubai, United Arab Emirates (CNN) – The Egyptian Ministry of Petroleum and Mineral Resources announced, on Thursday, the new prices for gasoline and diesel. The ministry said, in a statement, on its Facebook page: “In light of the fluctuation of Brent crude prices and the exchange rate of the pound against the dollar, the Automatic … Read more
Cairo, Egypt (CNN) – The European Bank for Reconstruction and Development has joined the list of major international institutions that have lowered expectations for the growth of the Egyptian economy during 2023. In its latest report, the bank expected a decline in the economic growth rate to 4.6%, compared to 5.6% in its previous report … Read more
Ambassador confirmed Nader Saada spokesman for the Presidency of the Council of Ministers, that the announcement by Standard & Poor’s agency confirming Egypt’s credit rating gives a very positive image and an important message to foreign investors that the Egyptian economy is on the right path. Ambassador Nader Saad added, during a telephone interview with … Read more
During the past hours, Al-Youm Al-Sabaa published a number of important news and reports, the most prominent of which was the announcement by the Wintershall Dea company that it had discovered a gas well in the exploration area east of Damanhour. The following is a summary of Egypt’s news at one o’clock in the afternoon. … Read more
Dubai, United Arab Emirates (CNN) – The Egyptian pound fell against the dollar by 7.7% during trading on Wednesday, to record the green currency 29.63 pounds for purchase, and 29.76 pounds for sale at the Central Bank – to set a new record level – and for the pound to continue its downward journey against … Read more