The Holding Company for Construction and Development is in talks with Gulf investors who are apparently interested in purchasing some of its land bank.…
Eni unveils new natural gas discovery in Egypt. Eni announced a major natural gas discovery at Narges-1 exploration well in the Narges Offshore Area…
Elon Musk shared a video on twitter of the Dendera Temple in Qena, expressing his admiration for ancient Egypt saying “Egypt is on fire”.…
The big news today is all about yesterday’s fluctuations of the EGP/ USD exchange rate. Yesterday’s interbank auction saw the EGP fall in steady…
The IMF lowered its growth projections for Egypt to 4% in 2022/2023 instead of 4.4%. Moreover, the IMF stated that the fiscal policy aims…
Egypt issues new resolution to rationalize spending amid economic crisis. The Prime Minister Moustafa Madbouly has issued a directive to all ministries, with the…
The collapse of the Egyptian pound may push fuel prices in Egypt to a new increase. The decline of the Egyptian pound against the…
NBE, Banque Misr offer 25%-yield CDs. State-run banks the National Bank of Egypt (NBE) and Banque Misr started selling a new one-year certificate of…
