The fund highlighted that the Central Bank of Egypt (CBE) applied a flexible exchange rate regime in March 2024, which ...

Egypt's progress on structural reforms under an $8 billion International Monetary Fund loan agreement has been mixed, the ...

Egypt’s first large-scale hybrid solar and battery plant has begun construction as the country looks to its abundant sunshine ...

The overnight deposit rate remains at 24%, the overnight lending rate at 25%, and the rate of the main operation at 24.5% ...

Cabinet Spokesman Mohamed el Homosany said that Egypt seeks cutting inflation rate below 10 percent. He pointed out that the ...

Prime Minister Mostafa Madbouli said many international institutions have praised Egypt’s economic resilience, noting that ...

The CBE reiterated its mandate to achieve price stability, reaffirming its medium-term inflation target of seven percent (± ...

Egypt's headline inflation rate dropped dramatically last month to 12.8 per cent, down from 24 per cent in January, as the country carries out several reforms amid efforts to stabilise its economy ...

Egypt’s annual inflation rate eased to 14.4 percent in June, down from 16.5 percent the previous month, according to data ...

CAIRO (Reuters) -Egypt's core inflation was 11.4% on an annual basis in June, down from 13.1% in May, the central bank said ...

Egypt urban inflation rises to 26.2% in August, first jump in five months The unexpected increase in inflation comes as Egypt deals with the economic effects of the Red Sea attacks and a new cabinet ...

A floating exchange rate and international support have helped draw billions of dollars back into Egypt’s economy. Now the banking industry hopes to see reforms to create a more dynamic private sector ...