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Egypt
Banking & Finance
Suez Canal posts highest ever annual revenue in 2022/21
The Canal's revenues are expected to increase to $13.5 bn in 2023
Banking & Finance
What are the new measures established by Egypt’s Central Bank?
It Increased cash withdrawals from ATMs of other banks to 4,000 EGP
Banking & Finance
World Bank approves $500 mn development financing for Egypt
Funds will help strengthen Egypt’s resilience to food crises
Economy
Egypt: Budget deficit decreases to 436.6 bn pounds in 11 months
This is equivalent to 5.5% of the country's GDP
Economy
Egypt Central Bank fixes interest rates after raising them 3%
Finance Minister worried about further rate hikes
Economy
Egypt’s inflation quickens 13.5% in May on food price rise, devaluation
Categories like cereals, breads, oil, and fats saw a major price rise
Egypt
Egypt’s central bank expands gold holdings in 2022
The amount of gold in the Egypt's Central Bank increased by 54%
Economy
MAF plans to invest up to $1bn in Egypt over next 5 years
Many investors are showing interest in setting up investments in Egypt
Economy
Egypt to increase agricultural exports to $3.6 bln
Other plans include increasing industrial exports to reach $30 bln
Economy
Moody’s changes its outlook for Egypt to “negative”
FDI from privatization are projected at $10 billion annually over 4 years
Egypt
Egypt will soon launch the sale of state-owned companies
A draft "state financial policy document" is submitted to the Cabinet
Economy
Egypt’s economy grows 7.8% in first 9 months of FY 2021-22
Compared to 1.9% in the previous FY
Egypt
Davos: Egypt investments in oil, gas to reach $10 billion in 2023
Export capacity to amount to 12 million tons annually within 3 years
Egypt
Egypt goes big on green projects ahead of hosting COP27
Plastics, CO2, recycling high on projects’ agenda
Economy
Will Egypt’s Central Bank raising interest rates by 2% have repercussions?
Inflation expected to reach 17% in August
Economy
COP27 in Egypt …The Implementation Summit
Cairo launches today the National Climate Change Strategy 2050
Economy
Will Egypt’s Central Bank raise interest rates by 200 basis points Thursday?
“HC”: Inflation figures for April higher than estimates
Egypt
The Suez Canal beats global trends, achieves record gains
April’s $629 million in revenues highest ever in a month
Egypt
Egypt promotes “Your vacation with us” to restore its tourism health
Sector contributes 12% of Egypt's GDP and provides 10% of total jobs
Egypt
Egypt will sell state-owned assets as it seeks investments worth $40 billion
The government has identified $9 billion in assets to offer this year
Banking & Finance
Amazon Global invests $10 million in EFG Hermes
This translates into 4.255 percent of valU’s issued capital
Egypt
Can Egypt cash in on its archeological breakthroughs?
A lost golden city. An ancient Zeus temple. A 4500-year-old statue
Egypt
Oil, gas shipments drive Suez Canal record-high revenues
Revenues amounted to $629 million in April
Egypt
Demand for rental properties is expected to rise in Cairo
Q1 sees rising demand for office space
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