All posts tagged "money"

Egypt’s Ministry of Finance announced in a press release on 21 August that it is considering issuing...

Egypt’s House of Representatives approved a bill on Sunday that grants Egyptian nationality to foreign residents in return for a bank deposit of 7 million pounds over 5 years, Egypt Independent reports. MP Kamal Amer pointed out that the cash deposit in foreign currency is merely a regulation of the procedures for residency,...

“When money is God, an economic downturn becomes a spiritual crises” – author unknown  It is a...

Revenues from Egypt’s Suez Canal declined 7 percent year-on-year during the month of October to reach USD...

The International Monetary Fund (IMF) has “welcomed” Egypt’s move to float the Egyptian pound, Reuters reported. “This...

The Obama administration has shifted USD 108 million in aid from Egypt to other countries, citing process...

Egypt’s stocks reached a two-month high after receiving a cash deposit from Saudi Arabia, driving speculation that...

Egypt’s annual headline inflation declined slightly in September, reaching 14.1 percent, according to the Central Agency for...

Minister of Planning and Administrative Development Ashraf El-Araby announced that the poverty rate in Egypt has risen from 26 to...

Egypt needs “tough measures” to fix its battered economy, President Abdel Fattah Al-Sisi said at a leadership conference...

The Egyptian pound has hit record lows against the US dollar, with traders announcing rates of between...

By Aswat Masriya In an unexpected move, the Central Bank of Egypt (CBE) revalued the Egyptian pound...

If you live in Egypt for even a short amount of time, you will most likely find...

Hesham Ramez will not renew his tenure as Governor of the Central Bank of Egypt (CBE) and...

For the third time this year, the Central Bank of Egypt (CBE) has depreciated the Egyptian pound...