January 30, 2023
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Homeforeign currency shortage

foreign currency shortage

Egypt Latest News

Another Blow To Egypt’s Tourism, KLM Dutch Airlines Suspended Flights To Cairo

September 16, 2016 Ahmed Rashed

KLM Royal Dutch Airlines announced a shocking news that it has decided to temporarily suspend flights to Cairo effective on 8 January 2017 as a result of “economic reasons”, said Al-Watan, an Egyptian independent newspaper. [ More … ]

Egypt Latest News

The IMF Reached A Preliminary Agreement With The Egyptian Government

August 11, 2016 Ahmed Rashed

Two government sources said that Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion (9.25 billion pounds) lending programme and will make [ More … ]

Egypt Latest News

The CBE Raises the Interest Rate to its Highest Level in a Decade

June 17, 2016 Ahmed Rashed

After a debatable meeting, the Central Bank of Egypt (CBE) decided to raise its benchmark interest rate to the highest level in at least a decade. The CBE decision aims to contain inflation and rise [ More … ]

Egypt Latest News

Inflation Rate in Egypt Reaches its Highest Levels in Seven Years

June 15, 2016 Ahmed Rashed

The Central Bank of Egypt (CBE) has reported that the inflation rate reached its highest level in seven years in May. Inflation is considered another challenge for policy makers trying to solve the shortage of [ More … ]

Latest

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

Egypt: Independent organizations submit a new human rights report to the UN

Egypt Latest News
January 27, 2023

West Bank: Israel kills nine Palestinians in a new ‘massacre’ in Jenin

Israel Latest News
January 26, 2023

Egypt: ‘Inflation is so high that eggs are a luxury’, says NYT

Egypt Latest News
January 25, 2023
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