Egypt’s strategic wheat reserves sufficient for 4-6 months: PM
Egypt’s strategic wheat reserves areEgypt’s strategic wheat reserves are enough to cover the country’s needs for 4…
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TotalEnergies, ENARA sign deal to build green ammonia facility in Egypt
French oil and gas company TotalEnergies and its Egyptian partner ENARA Group signed on Wednesday a memorandum of…
EBRD raises Egypt’s GDP growth forecast to 5.7% in FY2021-22
The European Bank for Reconstruction and Development (EBRD) raised its forecast for Egypt’s GDP growth during the…
EBRD, Amethis, SPE Capital acquire Egyptian fintech GlobalCorp
A consortium of the European Bank for Reconstruction and Development (EBRD), France’s Amethis – member of Edmond de…
Egypt’s Qalaa Holdings revenues grow 27% y-o-y in 2021
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Sunday a 27 percent…
Egypt’s non-oil private sector activity continues contraction but PMI improves to 46.9 in…
Egypt’s non-oil private sector activity contracted in April, continuing a 17-month deterioration as the ongoing war…
U.S. Fed unveils biggest interest rate rise in 22 years
The U.S. Federal Reserve has announce on Wednesday its biggest interest rate increase in more than two decades, a…
Standard Chartered exits seven businesses in Africa, Mideast to focus on Egypt, Saudi…
Britain’s Standard Chartered Bank is planning to exit its operations in seven countries in Africa and the Middle…
UAE’s First Abu Dhabi Bank withdraws acquisition offer for Egypt’s EFG Hermes
First Abu Dhabi Bank (FAB), the UAE’s biggest lender by assets, withdrew its offer to acquire a majority stake in…
Eni signs deal for Egypt’s gas export to Europe
Italy’s oil and gas giant Eni announced on Wednesday it signed an agreement to promote Egyptian gas export to…
