Egypt

Egypt raises interest rates, allows free trading of pound to spur GCC investments

Egypt's international bonds surged after CBE’s announcement

Egypt’s non-oil sector faces steepest contraction in over a year

PMI survey highlights deterioration in business activity, output and employment

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 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

Egypt dollar bonds soar following mega deal with UAE’s ADQ

Currency devaluation stress eases amidst mega development deal

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

Egypt’s GDP to climb to 5.1 percent by 2025: OECD

Efforts to tackle inflation and improve investor confidence to drive growth

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’s Suez Canal revenues decline over 40 percent so far in 2024

President El-Sisi addresses economic challenges and commitments amidst regional turbulence

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.

Egypt’s 50 percent minimum wage hike to take effect in March

President implements urgent social protection package amidst currency concerns, IMF talks

Egypt’s trade deficit declines to $36.9 billion in 2023

Merchandise imports fell by 14 percent last year to $72.54 billion

CBE launches $1 billion treasury bills

One-year treasury bills aim to attract investors despite rising global rates

Telecom Egypt and 4iG cooperate on express subsea cable project

The agreement supports Egypt's efforts to expand its international digital infrastructure

Egypt to auction $1 billion dollar-denominated treasury bills

Money supply (M2) grew by 19.92 percent year-on-year in December 2023

Egypt dollar bonds jump as IMF studies potential $10 billion assistance package

Positive developments in economic reform talks propel Egypt's sovereign bonds

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

Egypt, IMF reach preliminary agreement to revise loan terms

Preliminary agreement sets stage for economic reforms and growth

Suez Canal Authority reaffirms support for global shipping lines

Expands services to mitigate impact on maritime traffic

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’s SCZone inks 5 agreements worth $200 million

Supporting partnership between the public and private sectors