The CBE is likely to keep the interest rates fixed and unchanged
Today is the day, it’s interest rates day after El-Sisi appointing Tarek Amer as presidential adviser. The Central Bank of Egypt (CBE) is likely…
Egypt paid off more foreign debt than ever before in the first nine months of FY 2021-2022
Egypt paid off more foreign debt than ever before in the first nine months of FY 2021-2022. Foreign debt repayments between July and March…
The Egyptian Ministry of Electricity and Renewable Energy is considering cooperation with Slovenia
The Egyptian Ministry of Electricity and Renewable Energy is considering cooperation with Slovenia in the fields of electricity, new energy, and green hydrogen. Several…
UK Economy shrinks for first time since Covid lockdown
The CBE is likely to resume its tightening cycle and raise rates for the third time since March
It is interest rates week here in Egypt. The Central Bank of Egypt (CBE) is likely to resume its tightening cycle and raise rates…
Egypt is considering borrowing 2.5 billion USD from banks
Egypt is considering borrowing 2.5 billion USD from banks. First Abu Dhabi Bank and Abu Dhabi Commercial Bank lead the loan arrangement. This comes…
The Saudi sovereign fund acquires stakes in 4 Egyptian companies for 1.3 billion USD
The Saudi sovereign fund acquires stakes in 4 Egyptian companies for 1.3 billion USD. According to the new deals, the Saudi Egyptian Company acquired…
GIG Insurance offers to acquire AIG for about 196.8 million EGP
GIG Insurance offers to acquire AIG for about 196.8 million EGP. The offer aims to acquire 1.2 million shares, representing a percentage of up…
President Abdel Fattah El-Sisi has directed the government to reinforce the national plan to boost renewable energy and maximize its value
President Abdel Fattah El-Sisi has directed the government to reinforce the national plan to boost renewable energy and maximize its value. This plan aims…
