Hossam Heibah, President of the General Authority for Investment and Free Zone (GAFI), signed a Memorandum of Understanding (MOU) with…
Browsing: Investment and Finance
The Egyptian Ministry of Finance has revised its projections for the budget deficit in the current fiscal year 2023/2024, ending…
Beltone Financial Holding and gold investment solutions provider Evolve Gold have joined forces to unveil the ‘Beltone Evolve Gold Fund…
Since 2016, Egypt has been almost entirely dependent on the IMF’s money to provide foreign currency and a “vote of…
Amid Egypt’s ongoing foreign currency shortage, commercial banks are borrowing more dollars from abroad to finance local businesses that depend…
Egypt is exploring the possibility of issuing securitized bonds that would be backed by state-owned assets to address the ongoing…
The World Bank has lowered Egypt’s 2024 Gross Domestic Product (GDP) growth forecast to 3.3% from the anticipated 3.7% in…
Throughout 2023, the global economy has encountered an array of volatilities due to the war in Ukraine, inflation, rising international…
Egypt’s current account deficit improved by 12.1% year-on-year in the first quarter of the current FY2023/2024 (July-September 2023) reaching $2.8…
State-owned banks National Bank of Egypt (NBE) and Banque Misr issued new certificates of deposits (CDs) last week, boasting an…