February 2, 2023
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Homefloating the Egyptian pound

floating the Egyptian pound

Egypt Latest News

Despite Preparing for Foreign Debt Payments, Egypt Signed New Financial Deals

November 14, 2017 Ahmed Rashed

As Egypt continues to bolster foreign reserves and prepare for about $14 billion of foreign debt repayments in 2018, the central bank governor said that Egypt signed an expanded $3.2 billion financing deal with foreign banks, according [ More … ]

Egypt Latest News

All Egypt’s Classes Suffer Food High Prices ahead of Ramadan

May 25, 2017 Ahmed Rashed

As Muslims’ holy month Ramadan is on its way, most Muslims families around the world pay great attention and time to afford different types of foods that they will consume to compensate for the long [ More … ]

Egypt Latest News

CBE Hikes Key Interest Rates against Economists’ Expectations

May 22, 2017 Ahmed Rashed

Egypt’s central bank raised its key interest rates by 200 basis points, citing stronger economic growth and falling unemployment, confounding the expectations of economists who forecast rates were unlikely to change, reported Reuters. At a [ More … ]

Egypt Latest News

Egypt’s Foreign Debt Hiked Reaching a Critical Level

April 7, 2017 Ahmed Rashed

The Central Bank of Egypt (CBE) announced at the beginning of April that the Egyptian public debt has increased significantly. The CBE’s statement showed that the size of Egypt’s foreign debt increased by $19.522 billion in [ More … ]

Egypt Latest News

Drug Crisis Escalating in Egypt After the Pharmacists Syndicate Decided to Hold a Strike on Jan. 15

December 27, 2016 Ahmed Rashed

In a press conference, the Pharmacists Syndicate confirmed that it will go on a six-hour strike on 15 January in protest against to the government’s decision to not increase profit margins for pharmacies. The syndicate said it took [ More … ]

Analysis

Al-Sisi Had No Choice But To Bow To The Inevitable IMF Conditions: The Economist

November 14, 2016 Ahmed Rashed

The International Monetary Fund’s executive board has approved Egypt’s request to secure $12 billion loan facility after Egypt met its requirements to implement tough measures to revive its floundering economy, reported the Wall Street Journal. [ More … ]

Latest

Egypt: Due to negligence, prisoner dies in police station despite ending 2 years on remand

Egypt Latest News
February 1, 2023

Blinken: U.S. to keep pressing Egypt on human rights

Egypt Latest News
January 31, 2023

Egypt: Two bloggers arrested and the same accusation ready!

Egypt Latest News
January 30, 2023

Israel reportedly carried out drone strikes on an Iranian factory

Iran Latest News
January 29, 2023

‘To save Egypt’s economy, get the army out of it’: The Economist

Egypt Latest News
January 28, 2023
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