USAID: TRADE programme aims at achieving $25 mln Egyptian exports
USAID targets supporting Egypt to reach $25 million exports through TRADE programme, stated deputy chairman of…
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Egypt to sell state stakes in 3 firms in Q4, 3 more in Q1-2024
Egypt plans to offer shares in three of its state-owned companies on the stock exchange (EGX) in the fourth quarter…
Egypt’s central bank to join Afreximbank’s PAPSS platform soon: Orama
Egypt’s central bank will soon join the African Export-Import Bank’s (Afreximbank) Pan-African Payment and…
IMF projects Egypt’s economy will grow 4.4% in 2023
The International Monetary Fund (IMF) has revised its growth forecast for Egypt’s economy to 4.4 percent for 2023…
Egypt is exploring affordable loans from China, Japan – minister
Egypt is exploring financing financing options that include affordable loans from China and Japan, Finance Minister…
Egypt hopes to reach IMF deal within one month or two: minister
Egypt hopes to reach an agreement with the International Monetary Fund (IMF) within one to two months, said Finance…
EBRD strongly supports Egypt’s NWFE Programme for COP27 – president
European Bank for Reconstruction and Development (EBRD) strongly supports and backs Egypt’s Nexus on Water, Food…
Eni to invest €4.5 bln annually in upstream in Egypt, other several countries to 2025
Italian energy group Eni is planning to invest €4.5 billion ($4.47 billion) in upstream activities each year from…
‘Flexible exchange rate’ more preferable for Egypt economy – minister
Egypt’s government prefers now a more flexible exchange rate to support an economy that has come under pressure…
Turkey’s annual inflation flares up beyond 80%
Turkey's annual inflation climbed to a fresh 24-year high of 80.21 percent in August, a bit below expectations…
Eurozone inflation reaches new record high of 8.9% y/y in July
The eurozone annual inflation rate was 8.9 percent in July, 8.6 percent up from in June.
U.S. oil and gasoline inventories drop sharply 7 million barrels
U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information…
World’s largest sovereign wealth fund loses $174 bln in H1
Norway's sovereign wealth fund, the world's largest, made a loss of $174 billion in the first half of 2022, as…
Eurozone economy grew less than expected in the second quarter
The euro area economy grew slightly less than initially estimated in the second quarter as signs continue to emerge…
Gold extends losses as investors await Fed minutes
Gold prices fell on Tuesday, after posting its biggest drop in a month in the previous session, as investors…