Economy Middle East

Egypt

Egypt’s private sector contracts at highest rate since pandemic
Economy

Egypt’s private sector contracts at highest rate since pandemic

Falling to 45.4 from in November 47.4 in October

Egypt to build desalination plants as it seeks to reduce water scarcity
Egypt

Egypt to build desalination plants as it seeks to reduce water scarcity

Investors had sealed preliminary agreements

EFG Hermes advises on the $204 mn IPO of Dubai’s Taaleem
Egypt

EFG Hermes advises on the $204 mn IPO of Dubai’s Taaleem

The first private sector IPO on the DFM since 2014

New Abu Qir: Egypt’s first fifth-generation city
Egypt

New Abu Qir: Egypt’s first fifth-generation city

A bid to mitigate the devastating effects of climate change on the Delta

Egypt “snaring” foreign currency to boost its economy
Economy

Egypt “snaring” foreign currency to boost its economy

A company dedicated to receiving investments from Egyptians abroad

What’s next after COP 27?
Egypt

What’s next after COP 27?

"Fund for loss and damage"and "rapid" reduction of emissions

COP27: Egypt signs deals worth $83 billion in renewable energy
Egypt

COP27: Egypt signs deals worth $83 billion in renewable energy

Highlighting country's ability to attract private investment in strategic sectors

COP 27 nears end amid significant disagreement on “loss and damage”
Egypt

COP 27 nears end amid significant disagreement on “loss and damage”

Brazilian President is star of conference today

Egypt’s trade balance deficit rises to $4.2 bn
Egypt

Egypt’s trade balance deficit rises to $4.2 bn

Leveling up 0.6%

COP27 witnesses signing series of new agreements
Egypt

COP27 witnesses signing series of new agreements

UAE also launched national net zero pathway by 2050

Egypt buys 280,000 tons of Russian wheat in direct agreements
Egypt

Egypt buys 280,000 tons of Russian wheat in direct agreements

Egypt consumes 20 million tons of wheat annually

Tourism is thriving in Egypt.. Can the country achieve 30 million visitors? 
Economy

Tourism is thriving in Egypt.. Can the country achieve 30 million visitors? 

Egypt aims for $30 billion in tourism revenues by 2025

Egypt reveals $16 bn funding gap
Banking & Finance

Egypt reveals $16 bn funding gap

Expected to be reduced after reaching agreement with IMF

Egypt’s monthly inflation rises by 2.5% in October
Economy

Egypt’s monthly inflation rises by 2.5% in October

The annual inflation rate was 16.3% in October

Egypt signs contract to operate first line of high-speed electric railway
Egypt

Egypt signs contract to operate first line of high-speed electric railway

Train network will connect "Ain Sukhna, Alexandria, El Alamein, and Matrouh

Egypt raises $10.3 bn for Nouwfi green project program
Egypt

Egypt raises $10.3 bn for Nouwfi green project program

The program's total investments amount to $14.7 bn

COP 27 Finance Day: Here’s what’s on tap
Egypt

COP 27 Finance Day: Here’s what’s on tap

Madbouly: "Solidarity among all parties has become an unavoidable option"

Qatar’s sovereign fund deposits $1 bn with Egypt’s Central Bank
Banking & Finance

Qatar’s sovereign fund deposits $1 bn with Egypt’s Central Bank

Following discussions about acquiring stakes in Egyptian companies

First phase commissioning starts of green hydrogen plant in Egypt
Egypt

First phase commissioning starts of green hydrogen plant in Egypt

New project using Egyptian engineers and state-of-the-art technology

Fitch downgrades Egypt’s outlook to negative, affirms ‘B+’
Economy

Fitch downgrades Egypt’s outlook to negative, affirms ‘B+’

On declining liquidity and access to international markets

COP 27: What was agreed upon at Egypt’s climate conference?
Egypt

COP 27: What was agreed upon at Egypt’s climate conference?

Top leader quotes from the summit

Will the sea swallow Egypt’s Alexandria?
Egypt

Will the sea swallow Egypt’s Alexandria?

The historical city in danger of drowning

Will energy crisis, Ukraine war, lower expectations for COP27?
Egypt

Will energy crisis, Ukraine war, lower expectations for COP27?

The transition to renewables will 'take longer than expected'

Egypt’s foreign reserves jump to $33.4 bn in October
Banking & Finance

Egypt’s foreign reserves jump to $33.4 bn in October

Increasing by about $213 mn