Egypt’s Industrial and Mining Projects Authority (IMPA) has signed a 420 million Egyptian pounds contract to implement …
Egypt
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Egypt’s commodity exports hike by 6% in Jan-Feb
by Nada Aliby Nada AliEgypt’s commodity exports increased by six per cent growth in January and February 2024, reaching $6.121 billion …
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Turkey textile makers mull shift to Egypt
by Nada Aliby Nada AliTurkish textile manufacturers are considering shifting their manufacturing investments to Egypt due to currency devaluation and promised …
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Egypt signs €38m deal to build 4 solid waste recycling plants
by Nada Aliby Nada AliEgypt’s Ministry of Local Development signed €38.8 million contract with the Arab Organisation for Industrialisation (AOI) to …
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Egypt’s budget initial surplus hits EGP 193b in 8 months
by Nada Aliby Nada AliEgypt’s budget has significantly improved in the past eight months, showing an initial surplus of 193 billion …
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Default risk in emerging markets decreases
by Aya Anwarby Aya AnwarThe risk of government defaults in emerging markets is diminishing, fueling a bond rally, especially in junk-rated …
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World Bank pledges $3b support to Egypt – minister
by Nada Aliby Nada AliThe World Bank (WB) has pledged $3 billion in support to Egypt following the country’s successful negotiation …
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Egyptian pound settles at 49.5 after floating currency
by Nada Aliby Nada AliEgypt’s pound remained stable on Thursday at 49.5 against the dollar, similar to the previous day’s closing …
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Investors who swiftly withdrew around $20 billion from Egypt two years ago, now view the country as …
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Egypt approved a $614.3 million loan agreement from the Arab Monetary Fund (AMF) for the seventh Structural …