6+ hour, 41+ min ago  (203+ words) Egypt's Finance Minister Ahmed Kouchouk said that the country's new 2026/2027 budget earmarks EGP 90 billion ($1. 72 billion) to strengthen economic output, with a heavy focus on exports, tourism, and small business development. In a statement released on Sunday, Kouchouk said the spending…...

1+ week, 3+ day ago  (704+ words) The Monetary Policy Committee (MPC) of the Central Bank of Egypt decided on Thursday to keep key policy interest rates unchanged, citing persistent external risks, regional geopolitical tensions, and uncertainty surrounding the inflation outlook. The overnight deposit rate was maintained…...

2+ week, 7+ hour ago  (585+ words) The US dollar has gained against the Egyptian Pound, trading for over EGP 53 per $1 on Sunday's close of business (COB) for the third time this May, according to Central Bank of Egypt (CBE) data. The currency traded at EGP 53. 22 for…...

2+ week, 2+ day ago  (363+ words) Egypt's exchange-rate flexibility has contributed to absorbing the impact on its foreign exchange buffers from moderate capital outflows, strengthening policy credibility and limiting the effects of the Iran war on the country's "B'/Stable sovereign rating, credit rating agency Fitch…...

2+ week, 3+ day ago  (561+ words) The Egyptian pound weakened by nearly EGP 5 by Thursday's close of business (COB), losing around 10. 4 percent of its value compared with its pre-war level of EGP 47. 9 against the US dollar, according to the trading rates by the Central Bank of…...

3+ week, 1+ day ago  (640+ words) The World Bank has increased its development financing for Egypt from $700 million to $1 billion to help the country absorb the economic fallout of escalating regional tensions while maintaining momentum on structural reforms, Stephane Guimbert, Country Director for Egypt, Yemen, and…...

3+ week, 3+ day ago  (692+ words) Egypt's real GDP growth reached 5 percent in the third quarter (3 Q) of FY2025/2026, Prime Minister Mostafa Madbouly announced on Wednesday during a press briefing at the cabinet's headquarters in the New Capital following the weekly cabinet meeting. The GDP was expected to…...

3+ week, 4+ day ago  (344+ words) Egypt's Suez Canal Economic Zone (SCZone) said it has attracted $7. 1 billion in investments so far during the 2025/26 financial year, as it seeks to expand its role as a regional industrial and logistics hub. SCZone Chairman Walid Gamal El-Din said $1. 8 billion…...

1+ mon, 2+ week ago  (460+ words) Egypt's public debt is projected to decline over the medium term despite remaining elevated and facing mounting external pressures, Era Dabla, Deputy Director at the Fiscal Affairs Department of the International Monetary Fund, told Ahram Online. Dabla made her remarks…...

1+ mon, 4+ week ago  (363+ words) In its first meeting since the eruption of the Iran war, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to keep key policy interest rates unchanged, citing heightened inflation risks and growing regional…...