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Egypt
Egypt
Egypt’s first virtual hospital brings healthcare to remote regions
Center will serve Bedouin communities in South Sinai
Egypt
Egypt inks 7 MoUs valued at $30bln to produce green hydrogen
Companies included Saudi Al-Fanar and UAE's Alcazar
Economy
Egypt said “Fund” agreement near, but are conditions met?
The government announced refusal to lift subsidies on bread
Banking & Finance
UAE investments in Egypt increase by 169% in H1: Data
Trade exchange between two countries surged by $1.2 bn in Q1
Economy
Egypt to gradually devalue currency to avoid more inflation: Moody’s
Country's exposure to GCC countries exceeded $25.9 bn
Economy
Egypt’s Central Bank keeps interest rates unchanged
Sisi names Hassan Abdullah as caretaker governor of the CBE
Economy
Egypt’s Central Bank Governor resigns, and Sisi accepts
The day before the bank meets to make a decision on interest
Economy
Will the CBE increase or fix interest rates Thursday?
"Fitch" expects 300 basis points rise in upcoming meetings
Egypt
Egypt: Orascom’s profits surge amid tourism, real estate boom
Net profit increased to EGP 391.5 mn in Q2 2022
Egypt
Egypt rationing gas use to sell more of it overseas
Shops and malls will have to limit their use of strong lights
Egypt
Dark clouds ahead of Egypt’s COP27
Poorer countries scream foul, and China out of climate negotiations
Banking & Finance
Saudi’s PIF invests $1.3 bn in four Egyptian firms
"Deal in line with Egypt's plan to encourage FDI"
Economy
Egypt’s annual urban consumer inflation rises amid fuel price hike
Inflation reached 13.6% in July, compared to 13.2% in June
Egypt
Egypt’s Suez Canal establishes EG 2-billion independent fund
To confront crises and emergencies in the country
Economy
Egypt’s current account deficit widens in Jan-March
Funds flow out
Egypt
Africa keen that COP27 turns promises, commitments to actions
Summit will be crucial to Africa’s response to climate change
Egypt
Oil tankers bring Suez Canal revenues to highest level in its history
2103 ships crossed from both directions in July
Economy
The Egyptian pound sinking due to continued foreign reserves decline
Capital Economics: Currency to drop to 21 pounds/dollar by end 2022
Egypt
Egypt’s pound near lowest level against dollar since 2016
Central Bank offered purchase price of US dollar against EGP 19.01
Egypt
Details revealed on significant archaeological find in Egypt
New discovery may be 1 of 4 lost Ancient Egyptian “sun temples”
Economy
IMF says Egypt needs deeper reforms as it seeks another loan
The Fund downgraded Egypt's real GDP forecast to 4.8%
Egypt
Egypt welcomes CoinMENA
Egyptians can now link bank accounts, make withdrawals
Economy
Will Egypt join the BRICS economic alliance?
Egypt, Saudi, and Turkey have shown interest in joining the group
Egypt
Construction starts on Egypt’s first nuclear plant
The project is valued at 25 billion euros
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