Egypt's central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row.
The central bank's Monetary Policy Committee (MPC) has maintained its overnight lending rate at 11.25 percent, its overnight deposit rate (...)
Against all expectations and unlike many central banks worldwide, Egypt's central bank (CBE) decided on Thursday to keep its key interest rates unchanged for the third time in a row.
The CBE kept its rates on hold at its last two meetings, on June (...)
The U.S. Federal Reserve (Fed) has on Wednesday lifted its key interest rates by three-quarters of a percentage point for a third straight time to tame a potentially corrosive outbreak of inflation.
Following a two-day policy meeting, the Fed (...)
Fitch Solutions has on Sunday revised for the third consecutive month its projections for Egypt's real GDP growth for 2022 to 6.23 percent, up from 6.17 percent.
According to its updated report on MENA economic outlook, Fitch has maintained its (...)
UK Queen Elizabeth II, the second longest-reigning monarch in history, died at Balmoral Castle in Scotland, Buckingham Palace has announced on Thursday.
In June, the United Kingdom celebrated her 70 years on the throne with a Platinum Jubilee.
She (...)
State-run Telecom Egypt (TE) said on Monday its management had not received any official offers from Qatar Investment Authority to buy a share of its stake in Vodafone Egypt.
The statement to the Egyptian bourse came after media reports said the (...)
Egypt's non-oil economy registered a softer decline in operating conditions in August, with the S&P Global Egypt Purchasing Managers' Index (PMI) improving to 47.6 from July's 46.4, its highest reading since February.
This was due to easing (...)
Egypt is easing some of the customs restrictions imposed on imports as Finance Minister Mohamed Maait announced on Tuesday a package of exceptional measures to release goods amassing in ports in the coming days.
A severe shortage of foreign currency (...)
Africa-focused independent power producer (IPP) Globeleq announced on Monday a new project that envisages the creation of a 3.6-GW green hydrogen production hub powered by 9 GW of wind and solar capacity in Egypt.
The company said it aims to (...)
Ramy El-Dokany has been appointed on Thursday as chairman of the Egyptian Stock Exchange (EGX) for a one-year term, succeeding Mohamed Farid, who was named acting chairman of the Financial Regulatory Authority (FRA) earlier this month.
El-Dokany has (...)
EFG Hermes' consumer finance arm valU announced on Monday it had acquired 100 percent of digital HR and payroll platform Paynas.
The acquisition will see valU tap into Paynas's roster of micro and small-business clients, while Paynas will add valU's (...)
Ahmed Zaki Abdeen, chairman of the Administrative Capital for Urban Development (ACUD), the developer of Egypt's new capital city, announced on Monday his resignation due to health reasons.
ACUD's board will appoint Deputy Housing Minister Khaled (...)
Egypt's central bank, faced with accelerating inflation, has on Thursday kept its key interest rates unchanged for the second policy meeting in a row, confounding economists who had forecast it would raise them.
In its meeting, the Monetary Policy (...)
Egypt's President Abdel Fattah al-Sisi has met on Thursday with Hassan Abdalla, acting governor of the Central Bank of Egypt (CBE).
During the meeting, the Egyptian president stressed the need to develop monetary policy in line with the ongoing (...)
The International Finance Corporation (IFC), a member of the World Bank, is joining forces with Cultivo, Aspiration, and energy-focused blockchain platform Chia Network to launch the Carbon Opportunities Fund.
The Fund is a global investment (...)
Hassan Abdalla, an Egyptian banker with over 30 years of experience in the financial industry and former chief executive of the Arab African International Bank (AAIB), has been named on Thursday Egypt's acting central bank governor.
He graduated (...)
Hassan Abdalla, an Egyptian banker with over 30 years of experience in the financial industry and managing director of media conglomerate UMS, might succeed Tarek Amer and becomes the new central bank governor, media reports said on (...)
Global Finance Magazine has named Egyptian Central Bank Governor Tarek Amer as one of the Top 20 Central Banks' Governors in the World for 2022.
In its Central Banker Report Cards 2022, the magazine has awarded the top 20 central bank governors "A" (...)
The European Bank for Reconstruction and Development (EBRD) announced on Tuesday it had teamed up with Hyundai Rotem to enhance the applied skills of young people in Egypt.
Under the EBRD-Rotem programme, a certified training in the maintenance of (...)
Chinese telecoms equipment giant Huawei Technologies Co. said on Sunday it named Jim Liu new CEO for Huawei Egypt.
Liu will oversee all aspects of Huawei Egypt's operations and efforts to empower public and private organisations in the country to (...)
Egypt President Abdel Fattah al-Sisi on Sunday swore in 13 new ministers after parliament approved a day earlier a major Cabinet reshuffle.
The reshuffle replaced ministers of trade and industry, tourism and antiquities, public-sector enterprises, (...)
President Abdel Fattah al-Sisi named 13 new ministers, including the trade and industry and tourism portfolios, in a Cabinet reshuffle on Saturday meant to help enhance the government's performance to boost economy.
The parliament has held an (...)
Ahmed Issa has on Saturday been appointed as Egypt's minister of tourism and antiquities following a major Cabinet reshuffle that included 13 ministerial portfolios.
Prior to this, Issa was Chief Executive Officer of the Retail Banking at the (...)
Egypt's President Abdel Fattah al-Sisi has called on Saturday lower house of parliament – the House of Representatives to hold an extraordinary session for voting on a Cabinet reshuffle that compromises 13 ministerial portfolios.
Among the cabinet (...)
Egypt's parliament approved on Saturday a Cabinet reshuffle, involving naming 13 ministers for trade and industry, immigration, education, higher education, and tourism.
The parliament has held an extraordinary session following President Abdel (...)
