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Moody’s: Positive developments in Egypt’s economy, led by exchange rate flexibility

Moody’s: Positive developments in Egypt’s economy, led by exchange rate flexibility

Moody’s, the credit rating agency, has highlighted positive developments in...

Businessmen Team 22 Dec 2025

Moody’s, as reported by the Cabinet Media Center on Monday, noted that key developments include a s...

Egyptian expat remittances jump 42.8% in first 10 months

Egyptian expat remittances jump 42.8% in first 10 months

Remittances from Egyptians working abroad reached a record $33.9 billion...

Businessmen Team 21 Dec 2025

The figures, covering January to October, represent a surge in one of Egypt’s primary sources of fo...

Fitch predicts strong pound performance against dollar in 2026

Fitch predicts strong pound performance against dollar in 2026

Fitch Ratings released a strong outlook for Egypt's external sector...

Businessmen Team 07 Dec 2025

Fitch noted a significant increase in portfolio investments since last August, driven by attractive...

Cabinet Media: Standard & Poor’s upgrades Egypt’s rating from B- to B

Cabinet Media: Standard & Poor’s upgrades Egypt’s rating from B- to B

The Cabinet's Media Center announced on Friday that Egypt’s sovereign...

Businessmen Team 07 Nov 2025

The Media Center stated that the upgrade reflects the strength of economic reforms and growing inte...

Egyptian expat remittances up 47.2% in 8 months

Egyptian expat remittances up 47.2% in 8 months

Remittances from Egyptians working abroad saw a sharp rise in...

Businessmen Team 23 Oct 2025

The figure represents a 47.2 percent increase from the $18.1 billion recorded in the same period a...

CBE: Monetary reforms prompted S&P to raise Egypt's rating

CBE: Monetary reforms prompted S&P to raise Egypt's rating

The governor of the Central Bank of Egypt (CBE) welcomed...

Businessmen Team 13 Oct 2025

CBE Governor Hassan Abdalla said the upgrade was a result of the monetary and structural reforms im...

Egypt's net reserves stand at $49.5 billion

Egypt's net reserves stand at $49.5 billion

Net international reserves rose to a new record of $49.5...

Businessmen Team 07 Oct 2025

Credit rating agency Fitch said in a September 2025 report that it expects the country's net intern...

Expatriate remittances to Egypt surge to all-time high of $36.5B

Expatriate remittances to Egypt surge to all-time high of $36.5B

Remittances from Egyptians working abroad more than doubled over the...

Businessmen Team 29 Sep 2025

The Media Center attributed the record leap in transfers to the Central Bank of Egypt's (CBE) monet...

Remittances from Egyptian expats hit record high

Remittances from Egyptian expats hit record high

Remittances from Egyptians working abroad surged by 49.7% to approximately...

Businessmen Team 24 Sep 2025

On a monthly basis, July 2025 saw remittances reach a historical high, jumping 26.3% to about $3.8...

Cabinet: Foreign investments rise to $46.1B

Cabinet: Foreign investments rise to $46.1B

According to the Media Center of the Cabinet, the Egyptian...

Businessmen Team 14 Sep 2025

The Center added that foreign reserves have increased to approximately $50 billion, alongside a ris...

Egypt records record $36.5 bln in remittances from abroad

Egypt records record $36.5 bln in remittances from abroad

Remittances from Egyptians working abroad surged to a record $36.5...

Businessmen Team 26 Aug 2025

The significant rise was particularly notable in the final quarter of the fiscal year (April to Jun...

Madbouly unveils details of Leviathan gas field deal

Madbouly unveils details of Leviathan gas field deal

Prime Minister Dr. Moustafa Madbouly confirmed recent controversy over the...

Businessmen Team 13 Aug 2025

Madbouly explained that Egypt is positioning itself as a regional energy hub, not only producing ga...