News

Egypt Independent
egyptindependent. com > investment-ministry-launches-2nd-phase-of-promotional-campaign-for-investment-zones

Investment Ministry launches 2nd phase of promotional campaign for investment zones

2+ hour, 26+ min ago  (288+ words) Ministry of Investment and Foreign Trade Mohamed Farid launched the second phase of its promotional and awareness campaign for investment zones. Launched under the slogan "Investment Zones" Where the Elements of Success Come Together," the campaign seeks to showcase successful…...

Symbols: btc-usd
Egypt Independent
egyptindependent. com > economic-ministerial-group-reviews-reform-program-inflation-trends

Economic Ministerial Group reviews reform program, inflation trends

1+ week, 2+ day ago  (545+ words) Prime Minister Mostafa Madbouly chaired a meeting of the Economic Ministerial Group at the government headquarters in the New Capital on Tuesday, June 10, 2026, to review a number of priority economic issues and developments. The group reviewed the latest developments in…...

Symbols: btc-usd,eth-usd
Egypt Independent
egyptindependent. com > egypt-allocates-le90-billion-in-new-budget-to-support-production-exports

Egypt allocates LE90 billion in new budget to support production, exports

2+ week, 5+ day ago  (163+ words) Minister of Finance Ahmed Kouchouk said that the new budget for fiscal year 2026/2027 is designed to build an economy that is more capable of achieving strong and balanced growth, while also being more responsive to the needs of both citizens…...

Egypt Independent
egyptindependent. com > planning-minister-we-seek-economic-growth-between-5-2-and-5-4-in-next-fiscal-year

Planning minister: We seek economic growth between 5. 2% and 5. 4% in next fiscal year

1+ mon, 1+ day ago  (336+ words) Minister of Planning and Economic Development Dr. Ahmed Rostom affirmed on Tuesday, May 19, 2026, that the government is targeting economic growth between 5. 2 percent and 5. 4 percent in the next fiscal year, supported by the continuation of economic reform measures. He noted that…...

Egypt Independent
egyptindependent. com > us-dollar-surpasses-le-53-amid-global-surge-and-regional-tensions

US Dollar surpasses LE 53 amid global surge and regional tensions

1+ mon, 3+ day ago  (286+ words) Egypt Independent The US Dollar has crossed the LE 53 mark across several local Egyptian commercial banks. This upward movement is driven by a broader global rally of the greenback and intensifying geopolitical anxieties within the Middle East, Al-Mal reported. Global…...

Symbols: nikkei,d05.S0,u11.S0,z74.S0,xwa.si,594.S0
Egypt Independent
egyptindependent. com > world-bank-approves-1-billion-to-support-egypts-economy

World Bank approves $1 billion to support Egypt's economy

1+ mon, 1+ week ago  (277+ words) The World Bank has approved a billion dollar financing package to support Egypt's efforts in boosting private sector-led job creation, strengthening macroeconomic and fiscal resilience, and advancing its transition toward a green economy. This funding includes a $200 million credit guarantee…...

Egypt Independent
egyptindependent. com > egypts-net-international-reserves-reached-us53-01-billion-by-end-of-april-cbe

Egypt's net international reserves reached US$53. 01 billion by end of April: CBE

1+ mon, 1+ week ago  (197+ words) The Central Bank of Egypt (CBE) announced that net international reserves reached US$ 53. 01 billion at the end of April, up from $52. 831 billion at the end of March " a significant improvement compared from the previous month. The Monetary Policy Committee of…...

Egypt Independent
egyptindependent. com > what-a-deserted-mall-in-moscow-says-about-russias-economic-woes

What a deserted mall in Moscow says about Russia's economic woes

1+ mon, 2+ week ago  (1142+ words) High-energy pop music blares out across the atrium of a glitzy shopping mall in a middle-class Moscow suburb. But what was meant as the soundtrack to the hustle and bustle of shoppers is instead playing to largely vacant and boarded-up…...

Symbols: btc-usd,eth-usd,xrp-usd
Egypt Independent
egyptindependent. com > egypt-announces-billions-of-dollars-in-debt-repayment

Egypt announces billions of dollars in debt repayment

1+ mon, 2+ week ago  (213+ words) The Central Bank of Egypt (CBE) announced on Thursday that the state has repaid US$6. 442 billion in interest and principal repayments on external debt by the end of the first quarter of the 2025/2026 fiscal year (July-September 2025), RT reported. The CBE…...

Egypt Independent
egyptindependent. com > iranian-currency-hits-record-low-amid-us-blockade-and-shaky-ceasefire

Iranian currency hits record low amid US blockade and shaky ceasefire

1+ mon, 2+ week ago  (155+ words) Iran's national currency has hit a record low against the US dollar, trading at around 1. 8 million rials against the dollar, according to Iranian media. Over the last two days, the price of one dollar has increased by more than 23, 000 tomans,…...

Symbols: btc-usd,eth-usd,sol-usd,btc-cad,btc-eur,d05.S0