Amid Egypt’s ongoing foreign currency shortage, commercial banks are borrowing more dollars from abroad to finance local businesses that depend…
Browsing: Investment and Finance
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…
In response to the severe economic challenges facing Egypt, the cabinet has released a document outlining key economic trends for…
In 2023, Egypt’s economy confronted severe challenges amid global and regional tensions. Despite government efforts to ease the impact on…
Developing countries spent nearly half a trillion dollars to service their external public and publicly guaranteed debt in 2022, depleting…
On this day, December 16, we commemorate the first anniversary of the International Monetary Fund’s (IMF) approval of the Extended…