Egypt’s Sugar Market Faces 26% Price Surge Amidst Consumption-Production Gap and Imports
Egypt’s Sugar Market Faces 26% Price Surge Amidst Consumption-Production Gap and Imports. The price of sugar in Egypt has skyrocketed by 26% within a…
Afrixim Bank Renews $1 Billion in Loans to United Bank as Egypt Ramps Up Asset Sales
Afrixim Bank Renews $1 Billion in Loans to United Bank as Egypt Ramps Up Asset Sales. African Export-Import Bank (Afrixim Bank) has renewed two…
Amid inflation battle: Fed raises interest rate to 22-year high
Since nationalization, the Suez Canal has contributed $143.8B to Egypt’s public funds
Since nationalization, the Suez Canal has contributed $143.8B to Egypt’s public funds. Since its nationalization 67 years ago, the Suez Canal has injected more…
Balance of payments in Egypt shows a surplus of $281.9 million over nine months
Balance of payments in Egypt shows a surplus of $281.9 million over nine months. Egypt’s balance of payments (BoP) reported an overall surplus of…
Banque Misr introduces high-yield three-year dollar savings certificates
Banque Misr introduces high-yield three-year dollar savings certificates. Banque Misr launches “Al Qimma and Elite” three-year dollar savings certificates, offering attractive returns of 9%…
Rice prices fall for fourth consecutive week as supply increases, resulting in a loss of 200 pounds per ton
Rice prices fall for fourth consecutive week as supply increases, resulting in a loss of 200 pounds per ton. Rice and barley prices in…
President Sisi seeks 100 billion USD in investments over five years amid global challenges and economic goals
President Sisi seeks 100 billion USD in investments over five years amid global challenges and economic goals. President Sisi emphasizes Egypt’s stability amid regional…
Finding the right balance between addressing inflation and avoiding a recession: Navigating Soft Landing Amidst Recession Concerns in the USA
Egyptian Sovereign Fund joins top 50 global Sovereign Funds list
Egyptian Sovereign Fund joins top 50 global Sovereign Funds list. Egypt’s sovereign wealth fund enters the top 50 global sovereign wealth funds list, ranking…
