Annual core inflation hits 35.1% in February 2024: CBE
Annual urban inflation jumps to 35.7% in February 2024: CAPMAS
Egypt secures over $20bn in funding from global development partners: Maait
No plans to borrow from international markets until end of fiscal year
Gold prices in Egypt soar by 10.8%, 21k-gram jumps by EGP 355
Gold prices in Egypt had a positive week, boosted by major changes in the markets following the historic decisions of the Central Bank of Egypt (CBE), which altered the market…
FABMISR inaugurates new branch in Banha with innovative banking solutions for Local Community
As part of its branch network expansion across Egypt, First Abu Dhabi Bank Misr (FABMISR), one of the largest banks in the country, announced the opening of its latest branch…
Consumer finance companies adjust pricing plans in response to higher interest rates
The Central Bank of Egypt’s decision to raise interest rates by 600 basis points has prompted consumer finance companies to adjust their pricing plans and offers. Some companies have already…
Finance Minister hails Moody’s decision, outlines future plans
Moody’s upgrades its outlook on future of Egyptian economy from negative to positive
CBE’s measures are necessary to correct Egypt’s economic path: Finance Minister
Minister of Finance Mohamed Maait stated that the Central Bank’s recent measures, such as raising interest rates and liberalizing the exchange rate, are necessary steps to correct Egypt’s economic path.…
Egypt’s policy overhaul sparks hope for economic revival: HSBC’s economist
We leave our end-2024 EGP forecast at 45, see scope for rate cuts before year-end as sentiment turns
Domestic liquidity in Egyptian banking sector nears EGP 9bn in January 2024: CBE
Deposits in local currency rise by EGP 120bn to EGP 6.367trn
CBE’s interest rate hike sparks reactions from banks
Limited movement in interest rates after first two days of liberalisation