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Egypt
Economy
Egypt raises interest rates, allows free trading of pound to spur GCC investments
Egypt's international bonds surged after CBE’s announcement
Economy
Egypt’s non-oil sector faces steepest contraction in over a year
PMI survey highlights deterioration in business activity, output and employment
Egypt
Egypt inks 7 agreements with international developers to attract $41 billion over 10 years
The agreements are centered in the fields of green hydrogen and renewable energy
Egypt
Egypt sees 6 percent increase in tourist arrivals in first 50 days of 2024
The country is striving for an annual growth rate of 25 to 30 percent in inbound tourism
Economy
Egypt dollar bonds soar following mega deal with UAE’s ADQ
Currency devaluation stress eases amidst mega development deal
Egypt
Consortium led by Abu Dhabi’s ADQ to invest $35 billion in Egypt
ADQ will acquire the development rights for Ras El-Hekma, a coastal region in Egypt
Economy
Egypt’s GDP to climb to 5.1 percent by 2025: OECD
Efforts to tackle inflation and improve investor confidence to drive growth
Egypt
Egypt inks $300 million deal for integrated medical and educational project in Shorouk City
The project is expected to generate over 2,000 job opportunities
Egypt
Egypt’s Suez Canal revenues decline over 40 percent so far in 2024
President El-Sisi addresses economic challenges and commitments amidst regional turbulence
Egypt
BP plans to inject $1.5 billion in new investments in Egypt
BP CEO met Egyptian President on the sidelines of the EGYPES 2024 energy show.
Economy
WGS 2024: UAE and Turkish Presidents discuss enhancing bilateral relations
Türkiye is a guest of honour at this year's WGS.
Economy
Egypt’s 50 percent minimum wage hike to take effect in March
President implements urgent social protection package amidst currency concerns, IMF talks
Economy
Egypt’s trade deficit declines to $36.9 billion in 2023
Merchandise imports fell by 14 percent last year to $72.54 billion
Egypt
Telecom Egypt enables seamless connectivity from Intra Asia to India, Middle East, and Beyond via ICE IV Project
Connecting continents with advanced open cable technologies
Economy
CBE launches $1 billion treasury bills
One-year treasury bills aim to attract investors despite rising global rates
Egypt
Telecom Egypt and 4iG cooperate on express subsea cable project
The agreement supports Egypt's efforts to expand its international digital infrastructure
Egypt
Egypt to auction $1 billion dollar-denominated treasury bills
Money supply (M2) grew by 19.92 percent year-on-year in December 2023
Economy
Egypt dollar bonds jump as IMF studies potential $10 billion assistance package
Positive developments in economic reform talks propel Egypt's sovereign bonds
Economy
CBE raises interest rates by 200 basis points: Is a currency devaluation on the horizon?
Gap widened between Egyptian pound's official and parallel markets rates
Economy
Egypt, IMF reach preliminary agreement to revise loan terms
Preliminary agreement sets stage for economic reforms and growth
Economy
Central Bank of Egypt to convene amidst ongoing pound decline
Can an agreement with IMF be expected?
Egypt
Suez Canal Authority reaffirms support for global shipping lines
Expands services to mitigate impact on maritime traffic
Economy
Egypt’s foreign-currency position under further strain due to Red Sea crisis: S&P
Anticipated devaluation of the pound beyond the current exchange rate
Egypt
Egypt’s SCZone inks 5 agreements worth $200 million
Supporting partnership between the public and private sectors
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