Egypt’s foreign exchange revenues totalled $121.9 billion in 2022-2023, down 24 per cent from $160.5 billion in …
United Arab Emirates (UAE)
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Egypt NewsFeatureIndustry & TradeNewsTech/AI
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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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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Egypt lauds UAE’s swift actions regarding Ras El Hekma project
by Nada Aliby Nada AliEgypt’s Prime Minister commended the UAE for promptly initiating the Ras El Hekma contract, paying the first …
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Egypt receives 1st $5b for Ras El Hekma deal
by Nada Aliby Nada AliEgypt’s Prime Minister Moustafa Madbouly has confirmed on Thursday the receipt of a $5 billion payment as …
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Sisi: Egypt receives 1st payment of Ras El Hekma project
by Nada Aliby Nada AliPresident Abdel Fattah al-Sisi of Egypt announced on Wednesday that the initial batch of the Ras El …
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Egypt’s sovereign USD bonds rally on Ras El-Hekma deal
by Nada Aliby Nada AliEgypt’s sovereign dollar bonds surged more than 1 cent on Monday, continuing the sharp rally after the …
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Alibaba discloses state ownership amid SEC inquiry
by Nada Aliby Nada AliAlibaba Group Holding Ltd. revealed a broader network of Chinese government stakes in its business units, in …
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UAE’s UDC to build new urban community in Cairo
by Nada Aliby Nada AliEgypt’s New Urban Communities Authority (NUCA) and the UAE’s UDC, real estate development company, signed a contract …
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Egypt, UAE sign agreement to prevent double taxation
by Nada Aliby Nada AliEgypt and the United Arab Emirates (UAE) signed an agreement on Sunday to eliminate double taxation on …