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Egypt
Economy
Egypt’s Central Bank attracts USD925 mn from foreign investors
Following pound's depreciation
Banking & Finance
Startups Without Borders Summit to come back to Egypt in 4th edition
In February 2023
Banking & Finance
TSFE, Etisalat Egypt launch Erada Microfinance
New company aims to provide financial services to micro, small enterprises
Egypt
Italy’s Eni has found more natural gas off Egypt
Nargis-1 well located in offshore concession
Economy
Egypt orders ministries to cut spending
Due to a foreign currency shortage
Economy
IMF does not see inflation in Egypt waning before 2024
Inflation rates jumped to 24.4% at end December
Economy
Egyptian pound devalued for third time in less than a year
Fell 6.6% to about 26.5 pounds per dollar
Egypt
Egypt resumes IPO market with stakes in 4 state companies
EGX targets 23 government entities
Egypt
Egypt calls for new oil&gas exploration tenders
لإhe tender, the third of its kind, was set for 12 blocks
Economy
Sisi: Egyptian banks will cover all dollar needs for goods’ release
The Egyptian Central Bank monitors illegal dollar practices
Egypt
Is the “Suez Canal Fund” aimed at selling state assets or investing in them?
About $8 billion in expected channel revenues in 2022
Economy
Will the CBE raise interest rates at Thursday’s meeting?
Expectations of an increase of 100-200 basis points
Banking & Finance
Egypt concludes $14 bn worth of soft financing deals in 2022
For the state's development sectors and the private sector
Egypt
Egypt announces major natural gas find
Driving country's efforts to establish itself as a regional energy hub
Economy
IMF approves $3 billion loan to Egypt
Egyptian Cabinet: Agreement aims to reduce debt
Egypt
Egypt may reap huge benefits after Western maritime borders demarcation
Country to capitalize on opportunities for oil and gas exploration
Egypt
EFG Hermes concludes Vodafone Egypt acquisition advisory
By South African Vodacom Group
Egypt
Egypt’s exports to Nile Basin countries grow to $1.55 bn
Trade exchange increased by 32.6% in 2021
Egypt
Why are gold prices soaring in Egypt?
Speculation is very high
Egypt
First Egyptian city on metaverse to revive ancient Egypt’s glory
By celebrating the 100th anniversary of King Tut’s tomb
Economy
Will the IMF Executive Board approve Egypt’s loans?
Egypt has $16 billion in external financing gap over four years
Economy
Egypt’s private sector contracts at highest rate since pandemic
Falling to 45.4 from in November 47.4 in October
Egypt
Egypt to build desalination plants as it seeks to reduce water scarcity
Investors had sealed preliminary agreements
Egypt
EFG Hermes advises on the $204 mn IPO of Dubai’s Taaleem
The first private sector IPO on the DFM since 2014
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