}

USD/EGP exchange rates retreat on May 13th

The exchange rate between the USD and EGP recorded EGP 52.87 for buying and EGP 52.97 for selling at both the National Bank of Egypt (NBE) and Banque Misr on Wednesday, May 13th.

Orascom Development logs EGP 1.72B in Q1 2026 consolidated profits

Orascom Development Egypt has generated consolidated net profits after tax attributable to the parent company of EGP 1.724 billion during the first quarter (Q1) of this year, down 15.67% year on year (YoY) from EGP 2.044 billion.

Egypt to roll out digital visa-on-arrival system at Cairo International Airport by August

Prime Minister Mostafa Madbouly witnessed the signing ceremony of two agreements for the management and operation of the newly developed digital system for obtaining visas upon arrival at Cairo International Airport.

What is your expectation for Egypt’s interest rates in the next MPC meeting?