Maersk, Danish Shipping Giant, Presents Bid to Acquire Zaafarana Wind Farm in Egypt, Expanding Its Sustainable Energy Portfolio. In a recent development, Maersk, a…
Egypt records a primary surplus of 164.3B EGP in fiscal year 2022/23. Egypt has reported a primary surplus of 164.3 billion EGP, equivalent to…
Egypt Implements New Rules and Regulations for Digital Banks to Foster Financial Inclusion Initiative. Egypt’s Central Bank has implemented new licensing rules for digital…
Egypt plans to offload $1.9B state-owned assets to private entities via IPO initiative. Prime Minister Mostafa Madbouly announced that Egypt has signed contracts worth…
Taqa Arabia’s second EGX debut shows stability after initial chaos. Taqa Arabia’s second debut on the Egyptian Exchange (EGX) was significantly calmer, with shares…
Egypt’s year-on-year inflation rate accelerates to 36.8% in June: CAPMAS. Egypt witnessed an annual headline inflation rate surge to 36.8% in June, up from…
Egypt’s net international reserves increased to $34.806B at the end of June: Central Bank of Egypt. As of June’s end, Egypt’s net international reserves…
Egyptian Cabinet approves measures to encourage foreign direct investment. The Egyptian cabinet approves measures to improve the investment climate, including lifting controls on foreign…
