Civil Democratic Movement calls on the Egyptian government to release dissidents

On Friday, the Civil Democratic Movement called on the Egyptian government to quickly fulfil the opposition parties' demands. In a statement, the movement urged the government to...

Egypt to get $271 million loan from the African Development Bank

On Monday, the Egyptian House of Representatives approved a food security and economic resilience loan from the African Development Bank of US$271 million. The...

Fitch says the Egyptian pound crisis will continue during 2023

On Tuesday, Fitch published a report stating that the Egyptian pound has fallen by 16% since the beginning of the year and by 60% since last June....

Egypt’s trade balance deficit increased to $3.58 billion last October

On Thursday, the Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) said that the country’s trade balance deficit increased last October by 21.1%, on an annual...

Back to hot money: Central Bank of Egypt says it sold EGP 87.1bn in...

On Sunday, the Central Bank of Egypt said it sold about EGP 87.1bn in 91-day treasury bills. A source has revealed that the demand for government bills...

World Bank lowers prediction for Egypt’s economic growth

The World Bank has issued the World Economic Outlook report, which lowered its forecast for the growth of the Egyptian economy. High inflation rates in Egypt contributed...

Egypt’s Sovereign Fund prepares for the public offering of five major state-owned companies

On Thursday, Asharq Business said that the Sovereign Fund of Egypt is preparing to sell government stakes in five major companies. The companies are...

Egypt’s annual rate of core inflation rose to 24.4% in December 2022

On Tuesday, the Central Bank of Egypt issued a statement saying that the country's annual rate of core inflation rose to 24.4% in December 2022. This is...

The US dollar exceeds a record in Egypt at 32 Egyptian pounds

On Wednesday, one US dollar exceeded 32 Egyptian pounds after the International Monetary Fund (IMF) announced Egypt's pledges to switch to a flexible exchange rate permanently.

Reuters: Egypt’s inflation rate will continue to increase

On Monday, Reuters predicted that Egypt's core inflation rate would continue to rise after it hit a five-year high. At the same time, the devaluation of the...