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Egypt
Egypt
Egypt in talks for Abu Dhabi Bank loan to finance Kazakhstan wheat purchases
In pursuit to seek cost-effective alternative to Russian grain
Egypt
Egypt’s trade deficit drops to $2.32 bn in June
A 47.7 percent decrease
Egypt
Egypt’s August urban inflation hits record-breaking 37.4 percent
Core inflation showed a slight decrease
Egypt
Egypt inflation forecast: New all-time high expected in August
Urban consumer inflation in Egypt to reach 37.1 percent
Egypt
Eni latest energy company pouring billions into Egypt’s oil and gas sector Â
Egypt plans to invest $1.5 billion into drilling 35 LNG wells by 2025
Egypt
Egyptian economy makes modest gains amid high inflation
BRICS membership to enhance Egypt’s financial position
Egypt
New residency rule to help stabilize Egypt’s currency
Foreigners who want to be an Egypt citizen must pay in dollars
Egypt
Egypt is investing $1.9 bn in LNG wells
BP is investing $3.5 bn for gas exploration in the country
Egypt
Clash of tankers: Collision in Egypt’s Suez Canal
Both vessels had previously made their latest port calls at Port Said
Egypt
Suez oil discovery, exploration, part of the drill for Egypt
Need to supply domestic and European markets amid economic crisis  Â
Egypt
Egypt oil and gas sector gets boost with new $1.4 bn investment
Will help increase oil production rate by 10 percent
Egypt
UAE-Egypt sign $500 mn wheat deal, questions on global supply
The agreement is for five years
Egypt
Egypt’s stock market hits new high, gold recovers
The flagship EGX30 index grew by 0.54 percent
Egypt
Egypt to boost dollar inflows with measures for expats, draft evaders
Remittances significantly dropped in Q1
Egypt
Telecom Egypt grew revenues by 38 percent in H1 2023
Fixed-line subscribers and fixed-broadband internet customers grew by 5% and 8%
Egypt
Turkey, Egypt this year’s travel hotspots
An additional 1.2 million seats on flights from the UK to Turkey compared to 2019
Banking & Finance
Egypt to auction T-bills valued 600 mn euros
To address dollar liquidity scarcity
Egypt
Moody’s says Egypt review continues amidst liquidity crisis, reform efforts
Agency warned of asset sales being offset by declining external liquidity
Egypt
Egypt’s urban inflation climbs to 36.5 percent in July
Initial budget surplus for the fiscal year 2022-2023 stood at 1.63 percent
Banking & Finance
EFG Holding revenues soar to EGP 3.1 bn in Q2
A solid increase of 51 percent
Egypt
Combatting Egypt’s power outages is losing gas
Zohr's production is currently at 2.3 billion cubic feet per day (bcfd)
Egypt
Central Bank of Egypt surprises markets with 100 basis point interest rate hike
Anticipated peak in inflation rates in H2 2023
Egypt
Egypt’s domestic liquidity surges by EGP846 bn in 6 months
Egyptian banks are in a race to attract funds from local investors
Egypt
Foreign investments in Egypt up by 70 percent
Investor confidence on the rise
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