CBE unlikely to opt for EGP devaluation in short-term
CBE unlikely to opt for EGP devaluation in short-term. Citigroup Inc is ruling out the possibility of the Central Bank of Egypt (CBE) going…
Egypt annual urban inflation in April came in at 30.6%
Egypt annual urban inflation in April came in at 30.6%, cooling down from 32.7% the month before. This is the first time the inflation…
Egypt, UN sign framework of partnership in sustainable development cooperation Tuesday
Egypt, UN sign framework of partnership in sustainable development cooperation Tuesday. The partnership agreement will be signed by International Cooperation Minister Rania al-Mashaat as…
The Sovereign Fund of Egypt’s health and pharma fund is launching a new pharma company
The Sovereign Fund of Egypt’s health and pharma fund is launching a new pharma company, EZ International, in partnership with El Ezaby Pharmacy. Moreover,…
Warren Buffett’s Berkshire Hathaway dumps billions of dollars of US stocks
Ezz Steel is reportedly looking to acquire the 14% of Ezz Dekheila Steel
Ezz Steel is reportedly looking to acquire the 14% of Ezz Dekheila Steel owned by the National Investment Bank. Ezz Steel currently holds 64%…
Egypt’s non-oil private sector activity sees downturn in April
Egypt’s non-oil private sector activity sees downturn in April. Activity in Egypt’s non-oil private sector remained in contraction territory in April as the depreciation…
The UAE National Paints Holding acquired about 81% of the shares of the EGX-listed paints company Pachin
The UAE National Paints Holding (NPH) acquired about 81% of the shares of the EGX-listed paints company Pachin. The value of the deal amounted…
Egypt’s total net foreign liability position hit a new all-time high in March
Egypt’s total net foreign liability (NFL) position hit a new all-time high in March, widening to 24.5 billion USD, from 23 billion USD in…
