Egypt.. Morgan Stanley Bank adjusts its view of debts.. and experts: Cairo is able to pay its international obligations

2023-10-03 22:24:47 Cairo, Egypt (CNN) – Morgan Stanley modified its view of Egyptian debt from “neutral” to “not favorable” due to the increase in the size of credit risks in the near term, attributing the reason for this to the continued burden of credit rating risks and the possibility of a rise in interest rates … Read more

Why did the Central Bank of Egypt decide to fix the interest rate? Bankers answer

2023-09-21 20:49:19 Cairo, Egypt (CNN) – The Central Bank of Egypt decided, on Thursday, to maintain the deposit and lending return rates at the level of 19.25% and 20.25%, respectively, attributing the reason for this to “the consistency of the inflation data with the bank’s expectations,” while bankers believe that Increasing interest rates “is no … Read more

Dubai Economists Analyze Egypt’s Social Protection Decisions and Potential Impact on Exchange Rate

2023-09-17 19:04:31 Dubai, United Arab Emirates (CNN) – Economists ruled out that the Egyptian government would take a decision to move the exchange rate of the pound against the dollar, after the package of social protection decisions taken by President Abdel Fattah El-Sisi, yesterday, Saturday, stressing that the government is working to increase its dollar … Read more

The Egyptian Stock Exchange records the highest level in its history…and experts comment

2023-08-28 20:49:38 Cairo, Egypt (CNN) — The relative improvement of the Egyptian economy’s indicators was reflected in the stock market’s performance, which recorded the highest level in its history during the Sunday and Monday sessions of this week, and foreign investments resumed pumping investments again with limited values ​​after a continuous sale that lasted 18 … Read more

Understanding the Causes of Egypt’s Economic Crisis and Price Rise: President Al-Sisi’s Insights

2023-08-20 03:03:37 Dubai, United Arab Emirates (CNN) – Activists circulated on social media the statements of the Egyptian President, Abdel Fattah El-Sisi, in which he addressed the causes of the economic crisis and the rise in prices in Egypt, during an inspection tour of the Egyptian Military Academy, on Saturday, during which he spoke with … Read more

Egypt.. The exchange rate of the dollar moved in the parallel market, amid increasing demand for gold

2023-08-13 19:52:36 Dubai, United Arab Emirates (CNN) – The price of the dollar has rebounded against the Egyptian pound in the parallel market, ranging from 38.5 to 40 pounds, according to dealers, after a stability of about two months. Experts attributed the reasons for the rise of the dollar again on the black market to … Read more

Egyptian Government Partners with International Finance Corporation to Boost Private Sector and Sell Assets Worth $40 Billion in 4 Years

2023-06-20 02:07:11 Cairo, Egypt (CNN) — The Egyptian government has contracted with the International Finance Corporation – the arm of the World Bank Group to empower the private sector – to provide technical support and advice to the government offering program, and to assist in structuring and preparing the companies targeted for offering to the … Read more

Putin and UAE President Discuss Collaboration on Russian Industrial Zone in Egypt and the UAE

2023-06-16 17:11:15 Dubai, United Arab Emirates (CNN) – Activists circulated on social media, on Friday, a video clip of a conversation between Russian President Vladimir Putin and UAE President Sheikh Mohammed bin Zayed Al Nahyan in the Russian city of St. Petersburg about establishing a Russian industrial zone in Egypt. According to the video, Putin … Read more