Developing countries spent nearly half a trillion dollars to service their external public and publicly guaranteed debt in 2022, depleting…
Browsing: Investment and Finance
On this day, December 16, we commemorate the first anniversary of the International Monetary Fund’s (IMF) approval of the Extended…
Egypt launched its first automated teller machine (ATM) for real-time purchase of bullion in November in partnership between local gold…
African Development Bank (AfDB) approved in November a loan worth $131 million to promote private sector development and economic diversification…
The severe US dollar shortage in Egypt has prompted major international credit rating agencies to downgrade the country’s long-term sovereign…
UAE-based Dana Gas plans to pump around $43 million in investments in the Egyptian market in 2024, according to the…
UAE-based Global Investment Holding (GIH) company has acquired 30% of Egypt’s major tobacco producer Eastern Company for $530.86 million (EGP…
In the midst of daunting economic challenges, Egypt is at a crucial juncture, prompting experts to call for a rethink…
The Central Bank of Egypt (CBE) has doubled the daily and monthly transaction limits for financial inclusion accounts, prepaid cards,…
Savings holders in Egypt are looking for a haven to protect their finances from the economic fluctuations that are being…