BankingFeaturedIF Insights: Central Bank of Egypt’s prudent monetary policies lead to stability & growthIFM CorrespondentJune 27, 2024 by IFM CorrespondentJune 27, 2024 Establishing itself in January 1961, the Central Bank of Egypt replaced the National Bank of Egypt in note issuance and central banking operations... Read more
EconomyFeaturedEgypt’s inflation rises to 35.7% as country awaits dollar inflowsIFM CorrespondentMarch 14, 2024March 13, 2024 by IFM CorrespondentMarch 14, 2024March 13, 2024 Egypt's inflation rate fell from September 2023's record 38.0% before February 2024... Read more
EconomyFeaturedMoody’s maintained its ‘C’ rating on EgyptIFM CorrespondentDecember 19, 2023December 15, 2023 by IFM CorrespondentDecember 19, 2023December 15, 2023 Moody's anticipates a volatile economic environment to endure, because of persistent political impasse and weak institutions... Read more
EconomyFeaturedEgypt’s non-oil export to the EU increases by 38% in eight monthsIFM CorrespondentNovember 8, 2021November 8, 2021 by IFM CorrespondentNovember 8, 2021November 8, 2021 Exports to the EU amounted to €4.1 billion, compared to €2.9 billion during the same period in 2020... Read more
FeaturedFinanceEgypt’s NBE receives $100 mn from EBRD to support SMEsWebAdminJune 7, 2021 by WebAdminJune 7, 2021 The funds will be used to help the local SMEs to help improve the use of energy, water, and land resources... Read more