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Before the March reforms, the pound was officially pegged at 30.85 to the U.S. dollar, but traded as low as 74 on the black market
The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan
The decision follows a positive economic assessment since the program's launch in December 2022
The report noted strong performance in the fuel and tourism sectors
During the Egyptian-European Investment Conference, Egypt secured a $1.069 billion agreement with the EU
ETFs are investment vehicles that track the performance of a specific market index, such as the STI or the S&P 500
The emirate was also recognized for its strengths in the FinTech, AgTech and New Food, and ClimateTech sectors
This partnership will contribute to stimulating Egypt’s private sector participation in diverse projects
The report cited the recent floating of the pound exchange rate and an enhanced IMF agreement
These revisions reflect reduced pressures on these banks' capital ratios in the upcoming FY2024/2025
Agreements to boost existing and future investments in Oman and Kuwait in key sectors
Prices in April increased by 1.1 percent, up from 1.0 percent in March, on a month-on-month basis
