The European Union (EU) and the World Bank Group (WBG) have allocated over $14 billion in finances to Egypt amid…
Browsing: Investment and Finance
State-owned major banks, the National Bank of Egypt (NBE) and Banque Misr have introduced new high-yield certificates of deposit (CDs)…
Egypt’s budget achieved a primary surplus of 3.9 billion (EGP 193 billion) in the past eight months of FY2023/2024, compared…
Egypt’s annual headline inflation, which had declined for four consecutive months, reversed course in February, reaching 219.4 points with an…
Moody’s Ratings has revised Egypt’s outlook from negative to positive while affirming the country’s Caa1 long-term foreign and local currency…
S&P Global Ratings revised in March its outlook on Egypt’s economy to positive from stable while affirming its B-/B’ long-…
After two years of negotiations, the International Monetary Fund (IMF) has reached an agreement with Egypt to increase its loan…
Egypt’s recent agreement with the UAE to develop the coastal zone Ras El-Hikma offers a promising solution to the country’s…
Hossam Heibah, President of the General Authority for Investment and Free Zone (GAFI), signed a Memorandum of Understanding (MOU) with…
The Egyptian Ministry of Finance has revised its projections for the budget deficit in the current fiscal year 2023/2024, ending…