The inauguration of the 2023 Annual Meetings of the African Development Bank Group in Sharm El Sheikh City

Cairo - Eco - Fady Labib : H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt, privileged today the 2023 Annual Meetings of the African Development Bank Group with his presence ...

Under the Auspices of H.E. President Abdel Fattah El-Sisi .. The Central Bank of Egypt concluded the preparations to host the "Annual Meetings of the African Development Bank Group" in Sharm El-Sheikh

Cairo - Eco - Fady Labib : As part of the state's directives to strengthen cooperation with African nations across all fields, especially on the economic level, the Central Bank of Egypt has completed the preparations to host the Annual Meetings of the African Development Bank Group from May 22nd - 26th 2023, under the theme of “Mobilizing Private Sector Financing for Climate and Green Growth in Africa” ...

Exemption of gold imports that come with those coming from abroad from customs tax and fees

Cairo - Eco : During its meeting today, headed by Dr. Mostafa Madbouly, the Council of Ministers approved a draft decision of the Prime Minister regarding exempting gold imports in semi-worked forms, as well as those intended for cash circulation, jewelry, jewelry and their parts of precious metals...

The Central Bank of Egypt decides to raise the interest rate by 2%

Cairo – Eco - Fady Labib : The Monetary Policy Committee of the Central Bank of Egypt decided, in its meeting today, to raise the overnight deposit rate, the central bank’s overnight lending rate, and the main operation rate by 200 basis points, to 18.25 percent, 19.25 percent, and 18.75 percent. percent, respectively. The discount rate was raised by 200 basis points to 18.75 percent ...