Egypt
Money supply grew 31.5% year-on-year in February
Exclusives
Money supply grew 31.5% year-on-year in February
The new budget estimated the inflation rate at 16 percent
The meeting comes on the heels of inflation reaching historic levels
More than 90 projects totaling $32 billion were funded by the Bank
Country's GDP growth hit 3.9% in Q2
Tarboul is one of the most attractive investment destinations in region
Egypt is forced to seek new sources of foreign currency
Project to boost food security in the Arab world’s most populous country
During the 17th Annual EFG Hermes One-on-One Conference opening session
29 detained lured investors by fraudulent means
Offering insights into key trends impacting today's frontier, emerging markets
Government seeks to grow private sector participation
Hours after the increase in gasoline prices
In support of the country's climate change efforts
40 percent of the world's countries apply this
Making the airline the first African operator of the aircraft.
Yield dropped over 0.6 percentage points
Egypt aims to raise $5 billion in sukuk issuances within 6 months
Optimism prevails nevertheless for long-term outlook
Amid country's plans to reduce government's economic footprint
Due to country's diminished external buffers, shock absorption ability
Some will be ready within 3 months
USD200 million in equity came from Chimera Abu Dhabi
Oldest gold-wrapped non-royal mummy among discoveries
Company invested $500 million to develop international infrastructure
Date aligns with that of the US Federal Reserve
Start-up TileGreen turns plastic waste into eco-friendly tiles
Project activity holds steady even amid macroeconomic challenges
Following pound's depreciation
In February 2023
New company aims to provide financial services to micro, small enterprises
Nargis-1 well located in offshore concession
Inflation rates jumped to 24.4% at end December
Fell 6.6% to about 26.5 pounds per dollar
EGX targets 23 government entities
لإhe tender, the third of its kind, was set for 12 blocks
The Egyptian Central Bank monitors illegal dollar practices
About $8 billion in expected channel revenues in 2022
Expectations of an increase of 100-200 basis points
For the state's development sectors and the private sector
Driving country's efforts to establish itself as a regional energy hub
Country to capitalize on opportunities for oil and gas exploration
Trade exchange increased by 32.6% in 2021
By celebrating the 100th anniversary of King Tut’s tomb
Egypt has $16 billion in external financing gap over four years
Falling to 45.4 from in November 47.4 in October
Investors had sealed preliminary agreements
The first private sector IPO on the DFM since 2014
A bid to mitigate the devastating effects of climate change on the Delta
A company dedicated to receiving investments from Egyptians abroad
"Fund for loss and damage"and "rapid" reduction of emissions
Highlighting country's ability to attract private investment in strategic sectors
Brazilian President is star of conference today
UAE also launched national net zero pathway by 2050
Egypt consumes 20 million tons of wheat annually
Egypt aims for $30 billion in tourism revenues by 2025
Expected to be reduced after reaching agreement with IMF
The annual inflation rate was 16.3% in October
Train network will connect "Ain Sukhna, Alexandria, El Alamein, and Matrouh
The program's total investments amount to $14.7 bn
Madbouly: "Solidarity among all parties has become an unavoidable option"
Following discussions about acquiring stakes in Egyptian companies
New project using Egyptian engineers and state-of-the-art technology
On declining liquidity and access to international markets
Top leader quotes from the summit
The historical city in danger of drowning
The transition to renewables will 'take longer than expected'
Summit will cover a wide range of climate mitigation and adaptation topics
Rishi Sunak reverses decision to skip climate talks
Overnight lending rate at 14.25% and deposit rate at 13.25%
And maintains electricity prices through June 2023
UAE investments in Egypt valued at $4.9 bn in 9 months
Egypt has abundant production of long-staple cotton varieties
Egypt's central bank is redesigning its currency trading system
Standard & Poor's confirms Egypt's rating at B with stable outlook
"The pace of the Egyptian pound's decline has already begun"
Country reveals three axes of economic reform prior to loan
Registering 15.3%, up from 14.6% in August
Project valued at 1 billion Egyptian pounds
Final agreement may happen in coming days
Egypt already getting clean energy ready
CBE decided lately to keep key interest rates unchanged
First tranche of the offerings to be announced within four weeks
108 international agreements signed valued at $22 bn for gas excavation
Purchase branded unjustifiable in a time of economic turmoil
It approved increasing percentage of cash reserves that banks need to keep
IOC's President will discuss bid with Sisi on Sept. 24
Three yacht ports to be established from Suez Canal revenues
IMF: Negotiations with Egypt are in very advanced stages
"Egypt working hard to increase foreign direct investment"
As part of its preparations for COP 27
Demands to provide dollars to ensure tea imports
Beverage industry, electrical appliance production rose by 15.54%
The African continent needs billions in assistance for food security
Center will serve Bedouin communities in South Sinai
Companies included Saudi Al-Fanar and UAE's Alcazar
The government announced refusal to lift subsidies on bread
Trade exchange between two countries surged by $1.2 bn in Q1
Country's exposure to GCC countries exceeded $25.9 bn
Sisi names Hassan Abdullah as caretaker governor of the CBE
The day before the bank meets to make a decision on interest
"Fitch" expects 300 basis points rise in upcoming meetings
Net profit increased to EGP 391.5 mn in Q2 2022
Shops and malls will have to limit their use of strong lights
Poorer countries scream foul, and China out of climate negotiations
"Deal in line with Egypt's plan to encourage FDI"
Inflation reached 13.6% in July, compared to 13.2% in June
To confront crises and emergencies in the country
Summit will be crucial to Africa’s response to climate change
2103 ships crossed from both directions in July
Capital Economics: Currency to drop to 21 pounds/dollar by end 2022
Central Bank offered purchase price of US dollar against EGP 19.01
New discovery may be 1 of 4 lost Ancient Egyptian “sun temples”
The Fund downgraded Egypt's real GDP forecast to 4.8%
Egyptians can now link bank accounts, make withdrawals
Egypt, Saudi, and Turkey have shown interest in joining the group
The project is valued at 25 billion euros
The Egyptian army controls a large portion of the economy
Economy, GDP, boosted by utilities sector and mega construction projects
Nearly 600 keys are expected to be delivered by the end of this year
Pound reached a low of 18.91 pounds against the dollar
Prices of diesel supplied to the food and electricity industries were fixed
External support is required to avoid uncontrolled currency depreciation
Last week, Egypt bought the most wheat in at least a decade
KFC has been dominating Egypt’s market for many decades now
The pound hits its lowest level in over 5 years
Egypt ranks second after the UAE in terms of fintech funding deals
The Canal's revenues are expected to increase to $13.5 bn in 2023
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Funds will help strengthen Egypt’s resilience to food crises
This is equivalent to 5.5% of the country's GDP
Finance Minister worried about further rate hikes
Categories like cereals, breads, oil, and fats saw a major price rise
The amount of gold in the Egypt's Central Bank increased by 54%
Many investors are showing interest in setting up investments in Egypt
Other plans include increasing industrial exports to reach $30 bln
FDI from privatization are projected at $10 billion annually over 4 years
A draft "state financial policy document" is submitted to the Cabinet
Compared to 1.9% in the previous FY
Export capacity to amount to 12 million tons annually within 3 years
Plastics, CO2, recycling high on projects’ agenda
Inflation expected to reach 17% in August
Cairo launches today the National Climate Change Strategy 2050
“HC”: Inflation figures for April higher than estimates
April’s $629 million in revenues highest ever in a month
Sector contributes 12% of Egypt's GDP and provides 10% of total jobs
The government has identified $9 billion in assets to offer this year
This translates into 4.255 percent of valU’s issued capital
A lost golden city. An ancient Zeus temple. A 4500-year-old statue
Revenues amounted to $629 million in April
Q1 sees rising demand for office space
The Spring Meetings examine the global economic impact of war and food security concerns
The country's present focus is on the local wheat crop
Egypt, Saudi collaborate to invest in Saudi's fintech sector
Inflation rose to 12.1 percent in March
Egypt tops African countries in VC transactions
The IMF praised "authorities' recent actions to expand targeted social protection
The measure aims to deal with the repercussions of the Russian-Ukrainian crisis
Egypt’s Central Bank Governor: Maintain FX liquidity, investor confidence
The Central Bank raises interest rates for the first time since 2017
The Central Bank of Egypt is expected to raise interest rates
Egypt among the countries boasting the world's largest smart cities
JP Morgan: There is a likely need to depreciate the pound
The IPO is the premiere listing of Egyptian cosmeceutical players
Technology ensures invulnerable data security
Stabilizing inflation among institution's main goals
Egypt eyes increased oil and gas output
New tech cuts cost per bit, ups capacity per wavelength for Telecom Egypt
Egypt
Money supply grew 31.5% year-on-year in February