Nagui Fahmy, chairman of the Egyptian Mortgage Federation (EMF) launched the Accredited Mortgage Program (AMP), set to take place on November 2, demonstrated the efforts exerted towards improving the mortgage fina ...
Egypt's tourism revenues leaped by EGP 2.7 bn to reach EGP 12.570 bn in FY 2018/19, marking the highest historical record
The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soa ...
Egypt’s annual headline inflation rate fell to a six-and-a-half-year low in August, registering 7.5% from 8.7% in July, opening the way for further rate cuts by the Central Bank of Egypt (CBE).
The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.
Moody's Investors Service has kept Egypt's credit profile at "B2 stable," reflecting concerns over the government’s weak, but gradually improving, finances and fiscal metrics, which shall boost annual growth to 6% ...
The Finance Ministry decided to revert to setting the monthly customs exchange rate on a daily basis according to FX rates announced by the Central Bank of Egypt (CBE)
The Central Bank of Egypt (CBE) said remittances of Egyptian expatriates, one of the country’s main sources of foreign currency, leaped to almost USD 3 (EGP 49.7) bn in May, up 43% from USD 2.1 (EGP 34.8) bn a mon ...
The Central Bank of Egypt (CBE) announced that the Monetary Policy Committee (MPC) has decided to cut interest rates by 150 basis points, marking the first cut in six months or since February
Egypt’s annual headline inflation rate had fallen to a four-year low, dipping to 8.7% in July from 9.4% a month earlier, despite the fresh round of subsidy cuts that pushed domestic fuel prices up by 16-30%.
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