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Egypt, Central Bank
Egypt's current account falls into deficit in 2nd quarter
Egypt's current account fell into deficit in the second quarter, reversing a rare surplus in the same period of 2023 as imports rose and Suez Canal revenue plunged, the central bank said on Tuesday. I
Central Bank of Egypt issues treasury bills worth over $1bn
Egypt’s central bank has issued treasury bills worth 50 billion Egyptian pounds ($1.06 billion) as the country seeks to manage liquidity and support gov
Egypt’s Central Bank Plans United Bank Stake Sale in Early 2025
Egypt's Central Bank has announced plans to sell a stake in United Bank through an initial public offering (IPO) by the first quarter of 2025. This move is part of the country's broader strategy to attract foreign investments and reduce fiscal deficits.
Egypt's current account deficit quadruples, central bank says
Egypt's current account deficit more than quadrupled to $20.8 billion in the 2023/24 fiscal year from $4.7 billion a year earlier, mostly due to an increase in the trade deficit and a fall in Suez Canal transit receipts,
1h
Senate Democrats seek probe into DOJ investigation of Trump and Egypt
The request is the latest fallout from a Washington Post article revealing how a secret Justice Department investigation was ...
Zawya
45m
Egypt to regularly settle dues for foreign oil firms starting October
This move is part of Egypt's broader efforts to maintain strong relationships with international energy partners and ensure ...
22h
Egypt edges towards replacement of food subsidies with cash payments
A forum set up by Egypt's president began discussing on Monday a possible shift in the country's subsidy programme towards ...
20h
Israel has tactics, but no strategy, Egypt’s former Foreign Minister says
Israel has tactics, but no strategy, Egypt's former Foreign Minister says Egypt's former Foreign Minister Nabil Fahmy talks ...
Zawya
44m
Egypt: Bank NXT targets $90bln in deposits over next 3 years
Bank NXT, formerly the Arab Investment Bank (aiBANK), is seeking to double its deposits to $90 billion within the next three years, Managing Director Tamer Seif told Asharq Business.
4h
Holidaymaker trapped in Egypt after fall as insurance won't pay out
A holidaymaker who fell over and broke his hips says he being forced to raise £55,000 to get back home despite being insured.
4d
Family and rights groups urge Egypt to free imprisoned activist as his 5-year sentence ends
Rights groups and the family of Egyptian activist Alaa Abdel-Fattah have urged authorities to release him when his five-year ...
2d
on MSN
Lebanon, Egypt, Jordan: What is the latest travel advice amid the Israel-Hamas war?
The DFA advises arriving by air if travelling to Sharm el-Sheikh, Hurghada and immediate surrounds and Marsa Alam and ...
2h
Foreign Office urgent travel warning for 18 countries including Egypt and Tunisia
The Foreign Office has issued a warning for UK tourists heading to 18 countries including popular holiday destinations such ...
Opinion
6d
on MSN
Opinion
A Marriage of Convenience—the Limits of a Turkish Rapprochement With Egypt | Opinion
For Egypt, the East Mediterranean represents untapped potential in energy exploration. Ankara's assertiveness in the region, ...
3h
Brit tourist stranded in Egypt hospital after falling over and breaking his hip
Geoff Seedall and his family say they are being forced to raise £55,000 to get back home to Stalmine, Lancashire, despite ...
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