The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) decided to keep key interest rates unchanged for the second consecutive meeting, according to a press release on November 2nd.

The Egyptian government is planning to issue licenses on the operation of the fifth generation (5G) mobile communication networks in December, sources familiar with the matter told Asharq Business.

Egypt and United Arab Emirates have signed a currency swap deal worth around $1.4 billion in a move to help the North African country ease its economic crisis.

The Egyptian Cabinet has approved several decisions, including the new issuance of five-year JPY-denominated bonds worth $500 million, a cabinet statement revealed.