Improved business climate lifts factoring by 16% in Q1
Factoring rose by 16 per cent to LE12.4 billion in the first quarter (Q1) in 2024, up from LE10.7 billion...
Bank deposits rise to LE11.53 trillion in March
Bank deposits rose to LE11.53 trillion in March 2024, up from LE10.16 trillion in December 2023, according to data...
RTGS payment settlements top LE130.5 trillion in H1
Egypt’s interbank payments in the local currency via real time gross settlement (RTGS) system totalled LE130.58 trillion in the first...
CBE banks on liquidity withdrawal to tame inflation
The Central Bank of Egypt (CBE) withdrew, in an open market tender last week, liquidity worth LE1.082 trillion from local...
New legislative framework for boosting economic growth
Under leadership of President El Sisi, parliament has passed a number of key laws to enhance business climate. Policymakers have...
Better outlook as Egypt’s macroeconomic indicators improve
A flexible and balanced government policy has helped Egypt’s macroeconomic indicators improve despite global and regional challenges. According to the...
Domestic liquidity hits LE10.09 trillion in April
Domestic liquidity rose by LE109 billion to LE10.09 trillion in April 2024, up from LE9.98 trillion in a month earlier,...
IMF lauds Egypt’s fiscal discipline, structural reforms
Egypt’s government and the International Monetary Fund (IMF) reached a staff-level agreement on the third review of an Extended Fund...
Carbon certificates: Egypt’s new financial asset class
The Financial Regulatory Authority (FRA) has finalised a legislative and executive framework for Egypt’s first carbon trading market. The government...
CBE likely to ease monetary policy in 2025
As expected, Egypt's central bank has kept overnight interest rates unchanged due to easing inflationary pressures. The Central Bank of...
The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.