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Egypt
Egypt
Telecom Egypt and ICANN sign an agreement and activate Africa’s second ICANN Managed Root Server
Egypt
Shell makes major gas discovery in northeast Egypt
Ambitious plan for Mediterranean gas wells gains momentum
Economy
IMF could increase loans to Egypt
IMF Chief withheld specifics on loan increase, implementation timeline
Egypt
Increase in revenues, net profit lifts EFG Holding’s nine-month performance to new heights
The revenues gain 27 percent Y-o-Y to EGP3.0 billion
Egypt
Dahab Masr, KashNow team up to develop gold investment through digital payments
Ensuring seamless, secure transactions for customers
Economy
Will Egypt’s commodity prices decrease as inflation declines?
CEO of country’s sovereign fund believes inflation has reached its peak
Economy
Egypt defies credit downgrade, touts resilience
Finance minister highlights economic strengths amidst external pressures
Economy
Central Bank of Egypt holds interest rates steady, unveils revised GDP growth forecasts
Core inflation reached in September an all-time high of 37.4 percent
Egypt
Egypt’s spirit endures as the ‘Mother of the World’
Economy
Egypt expected to maintain steady interest rates on Thursday
Government seeks stability ahead of December Presidential election
Egypt
Egypt’s real estate market on the rise, fueled by tourism and investment
Egypt is poised to witness a tourist influx of 15 million by the end of 2023
Egypt
Suez Canal forecasts $10.3 bn in navigation traffic, secures billion-dollar projects
SCA recorded 17.6 percent year-on-year growth
Banking & Finance
Moody’s downgrades credit ratings of five major Egyptian banks
To CAA1, B3
Egypt
Egypt’s trade balance deficit fell to $2.93 bn
Compared to $3.82 bn in July
Egypt
Egypt’s booming real estate sector attracts wealthy GCC investors
94 percent keen on acquiring a property
Egypt
Medusa submarine cable to connect to the Red Sea through Telecom Egypt
The 8,760 km cable will land in Port Said
Egypt
Telecom Egypt announces the launch of WeConnect
providing agile access to Egypt’s extensive subsea cable infrastructure
Egypt
Egypt awards four gas blocks for exploration in the Med and Nile Delta
Eni, BP, Qatar Energy, and Zarubezhneft expected to invest about $281 million
Economy
Egypt, IMF, merge loan reviews, anticipate 2023 schedule
Country received in December $347 mn installment from $3 bn loan program
Egypt
Egypt in talks for Abu Dhabi Bank loan to finance Kazakhstan wheat purchases
In pursuit to seek cost-effective alternative to Russian grain
Egypt
Egypt’s trade deficit drops to $2.32 bn in June
A 47.7 percent decrease
Economy
Egypt’s August urban inflation hits record-breaking 37.4 percent
Core inflation showed a slight decrease
Economy
Egypt inflation forecast: New all-time high expected in August
Urban consumer inflation in Egypt to reach 37.1 percent
Egypt
Eni latest energy company pouring billions into Egypt’s oil and gas sector
Egypt plans to invest $1.5 billion into drilling 35 LNG wells by 2025
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