CBE cuts key interest rates by 100 bps
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to cut key interest rates by 100 basis points (bp).
Latest News
EGX ends Thursday’s session with positive perfromance
Updated 5/22/2025 3:36:00 PMUAE-based Chalhoub Group eyes investment opportunities in Egypt
Updated 5/22/2025 3:12:00 PMEgypt, UAE review strengthening strategic cooperation
Updated 5/22/2025 12:34:00 PMEl-Khatib visits UAE to bolster economic ties
Updated 5/22/2025 11:18:00 AMHP extends footprint in Egypt with Cairo office opening
Updated 5/22/2025 10:47:00 AMValu finalizes its 15th securitized bond issuance at EGP 1.036B
Updated 5/22/2025 10:33:00 AMMadinet Masr launches Shark Tank Business Park in Taj City
Updated 5/22/2025 10:17:00 AMSaudi Real Estate Group launches EGP 3B “Valea” in Sheikh Zayed
Updated 5/22/2025 9:54:00 AMEGPC, Ieoc Exploration’s daily production of petroleum liquids surpasses 110,000 barrels
Updated 5/22/2025 9:07:00 AMEgyptian Cabinet greenlights new automotive production incentive program
Updated 5/22/2025 8:31:00 AM
Weekly Wrap-up of Top 10 Trending Headlines
The third week of May was busy and full of market news, with the Egyptian government holding meeting sessions with the International Monetary Fund (IMF) delegation to discuss the fifth review of Egypt’s Extended Fund Facility (EFF).
USD/EGP exchange rates stable at Egyptian banks
The exchange rate of the US dollar to the Egyptian pound recorded EGP 49.84 for buying and EGP 49.94 for selling at Banque Misr on Thursday at 1 PM.
Madinet Masr launches Shark Tank Business Park in Taj City
Madinet Masr has launched Shark Tank Business Park, in collaboration with Innovative Media Production (IMP) and Sony Pictures Entertainment.
Alexandria Container witnesses EGP 1.16B block trading deal
Alexandria Container and Cargo Handling Company (ALCN) recorded a block-trading deal valued at EGP 1.162 billion, the Egyptian Exchange (EGX) announced on May 22nd.
