Central bank reduces its interest rates by 50 basis points
According to a statement on the bank’s website, the discount and repurchasing…
IMF waiting for the “right time” for loan negotiations
The global lender said all discussions are being held with the technical…
Egypt’s budget deficit to decline in 2013/2014 fiscal year
The total revenue of the fiscal year 2013/2014 will reach EGP 505.5bn…
UAE’s $3bn in aid arrives to Egypt
Central Bank Governor Hisham Ramez said that $2bn of Saudi Arabia’s $5bn…
Domestic debts rise an alarming 27% in Q3 2012/2013
Debt has risen unprecedentedly since March 2012, reaching EGP 1.089tn, or 80%…
Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months…
Central Bank head in Abu Dhabi in search of financial aid
The visit follows a statement detailing a drop in the country’s capital…
Banks close early ahead of ultimatum
The Central Bank of Egypt orders banks to close early before army’s…
Experts predict higher inflation rates amid unchanged interest rates
Rising summertime prices and devaluing currency drive ongoing inflation