Senate committee gives initial approval to FX-for-tax cuts industrial plan. The Senate Financial and Economic Affairs Committee yesterday gave preliminary approval to draft amendments…
Fitch Ratings affirms Egypt’s IDR at B+, revises outlook to Negative. Fitch Ratings has confirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’,…
The start of COP27 in Sharm El Sheikh is leading the conversation both here at home and in the international business press this afternoon.…
Zoomcar announces listing on Nasdaq. Zoomcar will be listed on NASDAQ Stock Market with its name changed to Zoom Car Holdings after entering into…
The Electricity Ministry is in talks with six Saudi firms over more than USD 3 bn worth of renewable energy projects. Electricity Minister Mohamed…
Qatar is eyeing a 1 billion USD green hydrogen and ammonia project. The Qatar Investment Authority (QIA) is conducting studies to establish a renewables…
The EGP notched a new record low yesterday as the currency dipped another 5% in the wake of the central bank’s decision to move…
The EGP is currently sitting at 24 against the greenback. The EGP continued its slide against the USD yesterday, dropping an additional 4% to…
