Egypt
Sovereign wealth fund tightens reins, drives economic stability
Overall, the region is experiencing a “funding winter”
CIB's total assets reached EGP 635.83 bn in 2022
Reserves rose to $34.806 billion at the end of June
Egypt’s petrochemical exports jumped 23 percent in 2022
A new program offers visitors five-year, multiple-entry visas
Trajectory of base rates of interest depends on expected inflation numbers
Residential, mixed-use sectors, recorded 522 projects worth $310 bn
Questions about the fate of the agreement with the Fund
Annual core inflation surged to 40.3% in May
Storage capacity to increase by 420,000 tons
Fixing interest rates came in line with analyst expectations
Joining forces with a Norwegian company to export renewable energy to Europe
Country has nearly 229 projects in progress in Sudan
Government sells 162 million shares, offers stake to employees
Softer food prices offset currency devaluations' impact
The company's investments in Egypt amounted to about $4.3 billion in 9 years
Pound is estimated to depreciate by 53% in the 12 months to the end of June
IMF-Egypt discussions were fruitful in preparation for review
