Economy

Egypt, UAE enhance cooperation in natural gas sector

Egypt, UAE enhance cooperation in natural gas sector

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held a bilateral discussion session with the UAE’s Minister of Industry…
IMF to provide Egypt with US$1.3 billion in new funds

IMF to provide Egypt with US$1.3 billion in new funds

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced on Tuesday that the IMF’s Executive Board is…
Egypt’s external debt sees new rise despite Ras al-Hekma deal funds

Egypt’s external debt sees new rise despite Ras al-Hekma deal funds

Egypt’s external debt rose again during the first quarter of fiscal year 2024-2025 compared to the last quarter of the…
Egypt awaits final approval on fourth tranche of IMF loan

Egypt awaits final approval on fourth tranche of IMF loan

Informed sources said on Saturday that the date of the meeting of the Executive Directors of the International Monetary Fund…
Egypt awaits IMF decision on $1.2 billion loan disbursement

Egypt awaits IMF decision on $1.2 billion loan disbursement

Julie Kozack, the spokesperson for the International Monetary Fund (IMF), stated that the Fund’s Executive Board will discuss the disbursement…
Turkey to supply Egypt with large amount of gas

Turkey to supply Egypt with large amount of gas

Egypt is preparing to receive the Turkish gasification ship “Botas” in June, to provide the market with supplies of up…
Largest sovereign wealth fund reduces its holdings in Egyptian equities

Largest sovereign wealth fund reduces its holdings in Egyptian equities

Investments by Norway’s sovereign wealth fund in companies listed on the Egyptian stock exchange decreased during 2024, reaching $100.3 million…
Egyptian remittances jump 47% to $26.3 billion

Egyptian remittances jump 47% to $26.3 billion

The Central Bank of Egypt on Wednesday announced a significant increase in remittances from Egyptians abroad, reaching $26.3 billion from…
US dollar exchange rate stabilizes against the Egyptian pound at Egypt’s major banks

US dollar exchange rate stabilizes against the Egyptian pound at Egypt’s major banks

The US dollar exchange rate against the Egyptian pound remained stable in banks on Thursday. The greenback maintained its latest…
Double your money – details of the 4-Year Bullet Certificate of Deposit from AAIB

Double your money – details of the 4-Year Bullet Certificate of Deposit from AAIB

The Arab African International Bank has provided many types of certificates of deposits to customers, including the four-year certificate with…
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