Egypt offers Venezuela the export of medicines in exchange for oil
Egypt offers Venezuela the export of medicines in exchange for oil. The Export Council for Medical Industries is studying the possibility of exporting medicines…
Qatar’s Al Mana Group plans to invest at least around 60 million USD in Egypt in 2024
Qatar’s Al Mana Group plans to invest at least around 60 million USD in Egypt in 2024. The investments will likely be earmarked for…
Egypt aims to increase its imports of Kuwaiti oil by 33% starting in early 2024
Egypt aims to increase its imports of Kuwaiti oil by 33% starting in early 2024. The Egyptian government aims to increase its imports of…
Egypt seeks to facilitate expatriate remittances in three Arab countries through “InstaPay” in 2024
Egypt seeks to facilitate expatriate remittances in three Arab countries through “InstaPay” in 2024. The Central Bank of Egypt is in advanced negotiations with…
Yield Uncertainty Will Persist Even If the Fed Is Done Raising Rates
The Central Bank of Egypt and Kuwait Investment Authority are each set to offload a 20% stake in the Arab African Investment Bank
The Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA) are each set to offload a 20% stake in the Arab African Investment…
Egypt inflation seen retreating in October from record high
Egypt inflation seen retreating in October from record high. Inflation had been accelerating steadily since June, when it reached a record high of 35.7%.…
Egyptian stock exchange to launch new Sharia-compliant index by first half of 2024
Egyptian stock exchange to launch new Sharia-compliant index by first half of 2024. For inclusion in this index, companies are required to ensure their…
Net foreign reserves were essentially flat at 35.1 billion USD at the end of October compared to 34.97 billion USD at the end of September
Net foreign reserves were essentially flat at 35.1 billion USD at the end of October compared to 34.97 billion USD at the end of…
