Day: April 3, 2026

Egypt is planning to import at least one million barrels of Libyan crude oil per month, Bloomberg reported. This strategic shift is designed to compensate for the total suspension of Kuwaiti oil supplies and ensure the stability of the domestic fuel market. The decision comes as the Middle East faces…

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided in its meeting on Thursday, to keep the key interest rates unchanged. Consequently, the overnight deposit rate, overnight lending rate, and the rate of the main operation remain fixed at 19.00 percent, 20.00 percent, and 19.50 percent,…

Gold prices in Egypt saw a rise on Friday, increasing by an average of LE 15 across various karats. The benchmark 21-karat gold reached LE 7,150. As of the time of this report, gold prices in Egypt are as follows: 24-Karat Gold: LE 8,171 21-Karat Gold: LE 7,150 18-Karat Gold: LE 6,128 Gold…