Ras El-Hekma project boosts Egypt’s net international reserves to $40.361bn
The Central Bank of Egypt (CBE) has announced a significant boost in Egypt’s net international reserves, which reached $40.361bn in March. This reflects a substantial increase of $5.05bn over the…
Egyptian Cabinet approves executive regulations for Building Reconciliation Law
The Egyptian Cabinet, led by Prime Minister Mostafa Madbouly, has approved a draft decision outlining the executive regulations for Law No. 187 of 2023. This law aims to simplify the…
Opinion| The Israeli Dilemma
After over five months of conflict, the UN Security Council has passed a resolution calling for an “immediate ceasefire” in Gaza. In a notable shift, the United States abstained from…
Opinion| Tokenized Sukuk: Islamic bonds made accessible and liquid
Sukuk, often referred to as Islamic bonds, allow Muslims from around the world to invest in a Shariah-compliant way. In recent years, this investment instrument has facilitated significant economic development…
Gold prices fluctuate in Egypt during Q1 2024
The first quarter of 2024 saw unprecedented fluctuations in Egypt’s gold prices, set against a backdrop of significant economic shifts and currency exchange rate volatility. Despite predictions to the contrary,…
Exchange companies collect nearly EGP 9bn in foreign currencies in 26 days
Exchange companies associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have amassed Arab and foreign currency proceeds totalling EGP 8.940bn. This collection occurred from the…
Egyptian PM, Petroleum Minister discuss investments, Eid fuel supplies
Egyptian Prime Minister Mostafa Madbouly met with Tarek El-Molla, Minister of Petroleum and Mineral Resources, today to discuss securing fuel supplies ahead of the Eid al-Fitr holiday and long-term investment…
Liquidity in Egyptian banking sector rises to EGP 9.12trn in February 2024: CBE
Non-governmental bank deposits in local currency increase to EGP 6.447trn
Egyptian Prime Minister congratulates Palestinian counterpart on new government formation
Egyptian Prime Minister Mustafa Madbouly reached out via telephone on Tuesday to convey his congratulations to Mohammad Mustafa, the newly appointed Palestinian Prime Minister, on the formation of his government.…
DeFacto to expand its footprint in Egyptian market
DeFacto aims to leverage Egypt as strategic manufacturing centre