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Economy Middle East Summit
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Egypt
Economy
El-Sisi sweeps to third presidential term with 89.6 percent vote: What promises await the New Republic?
Post-election austerity measures under close scrutiny by analysts
Economy
IFF expects Egypt’s economy to grow by 3.3 percent in 2023-2024
The financing gap in Egypt will reach $7 billion in the current fiscal year
Economy
Egypt’s foreign reserves reach $35.173 bn by end of November
Surging by $71 mn compared to last year's same period
Egypt
COP28: Egypt Minister of Planning and Economic Development Dr. Hala Elsaid: Sustainable projects and economic outlook
Egypt is committed to its net zero and green energy transitions
Economy
Egypt to boost real estate exports in dollars to compensate for scarcity of its foreign currencies
Initiative to achieve a major breakthrough in the performance of the Egyptian Stock Exchange
Egypt
Trade between the GCC and Egypt exceeds $34 billion in 2022
Number of Gulf tourists in Egypt reached 2 million
Economy
Egypt’s banking sector still faces operating challenges, says Fitch
Ratings agency still sees profitability as a credit strength for Egyptian banks
Egypt
Telecom Egypt and ICANN sign an agreement and activate Africa’s second ICANN Managed Root Server
Egypt
Shell makes major gas discovery in northeast Egypt
Ambitious plan for Mediterranean gas wells gains momentum
Economy
IMF could increase loans to Egypt
IMF Chief withheld specifics on loan increase, implementation timeline
Egypt
Increase in revenues, net profit lifts EFG Holding’s nine-month performance to new heights
The revenues gain 27 percent Y-o-Y to EGP3.0 billion
Egypt
Dahab Masr, KashNow team up to develop gold investment through digital payments
Ensuring seamless, secure transactions for customers
Economy
Will Egypt’s commodity prices decrease as inflation declines?
CEO of country’s sovereign fund believes inflation has reached its peak
Economy
Egypt defies credit downgrade, touts resilience
Finance minister highlights economic strengths amidst external pressures
Economy
Central Bank of Egypt holds interest rates steady, unveils revised GDP growth forecasts
Core inflation reached in September an all-time high of 37.4 percent
Egypt
Egypt’s spirit endures as the ‘Mother of the World’
Economy
Egypt expected to maintain steady interest rates on Thursday
Government seeks stability ahead of December Presidential election
Egypt
Egypt’s real estate market on the rise, fueled by tourism and investment
Egypt is poised to witness a tourist influx of 15 million by the end of 2023
Egypt
Suez Canal forecasts $10.3 bn in navigation traffic, secures billion-dollar projects
SCA recorded 17.6 percent year-on-year growth
Banking & Finance
Moody’s downgrades credit ratings of five major Egyptian banks
To CAA1, B3
Egypt
Egypt’s trade balance deficit fell to $2.93 bn
Compared to $3.82 bn in July
Egypt
Egypt’s booming real estate sector attracts wealthy GCC investors
94 percent keen on acquiring a property
Egypt
Medusa submarine cable to connect to the Red Sea through Telecom Egypt
The 8,760 km cable will land in Port Said
Egypt
Telecom Egypt announces the launch of WeConnect
providing agile access to Egypt’s extensive subsea cable infrastructure
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