Business
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
February 29, 2024
International Monetary Fund comments on Egypt’s Ras al-Hikma deal
The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, said that Egypt’s announcement on Friday of a $35…
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
February 28, 2024
Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
Emirati businessman Khalaf al-Habtoor renewed his desire to invest in the Regal Heights Hotel, the largest hotel in the el-Alamein…
Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
February 27, 2024
Details of the 40.5 percent high yield CDs from Emirates NBD – Egypt bank
The Emirates NBD – Egypt bank announced the launch of three new certificates of deposits (CDs) with competitive returns exceeding…
IMF’s loan to Egypt not linked to Gaza crisis, official assures
February 26, 2024
IMF’s loan to Egypt not linked to Gaza crisis, official assures
The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour said there…
US dollar exchange rate to stabilize in six months: MP
February 26, 2024
US dollar exchange rate to stabilize in six months: MP
The Chairman of the Plan and Budget Committee in the Egyptian House of Representatives and former expert at the IMF,…
EBRD to provide US$50 million loan for support small, medium enterprises in Egypt
February 24, 2024
EBRD to provide US$50 million loan for support small, medium enterprises in Egypt
The European Bank for Reconstruction and Development (EBRD) will provide a financing package worth US$50 million to Banque du Caire,…
IMF sees ‘excellent progress’ in talks with Egypt
February 24, 2024
IMF sees ‘excellent progress’ in talks with Egypt
An International Monetary Fund (IMF) official said that the fund continues to make excellent progress on discussions with the Egyptian…
Enormous new Turkish investments enter Egypt’s ready-made garment sector
February 23, 2024
Enormous new Turkish investments enter Egypt’s ready-made garment sector
The Vice President of the Ready-Made Garments Division at the Egyptian Chambers of Commerce, Khaled Suleiman, revealed the entry of…
AWIU devises list for trade exchange in local currencies with BRICS
February 21, 2024
AWIU devises list for trade exchange in local currencies with BRICS
The president of the Arab Women Investors Union Hoda Yassa said that the union has prepared a trade exchange list…
Egypt targets 4.2% growth for the next fiscal year: Minister
February 19, 2024
Egypt targets 4.2% growth for the next fiscal year: Minister
Egypt aims to reach a growth rate of 4.2 percent for the fiscal year 2024-2025, up from three percent for…