NBE: Exchange rates of key global currencies rates Tuesday 24-11-2020 vs. Egyptian pound
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies against the Egyptian pound…
Orascom-Mitsubishi consortium signs $800m contract for Cairo Metro Line 4
Orascom Construction PLC's consortium with Mitsubishi Corporation has inked an $800 million contract with Egypt's…
Egypt assigns EGP 5.7bn investments for Beheira in FY20/21
Egypt’s Ministry of Planning and Economic Development has allocated 5.7 billion Egyptian pounds in investments for…
Egypt’s economy sees 2.5% growth as momentum to continue into 2021 – HSBC
Egypt’s economy is expected to grow 2.4 percent for 2020, compared to a global contraction of 4.1 percent,…
Egypt expects to receive second tranche of IMF loan in Dec. – finmin
Egypt expects to receive the second tranche of a $5.2 billion financing from the International Monetary Fund (IMF)…
Egypt’s stock market closes higher, EGX 30 adds 0.25% on Monday
Egypt’s stock exchange’s (EGX) indexes ended higher on Monday, with the benchmark EGX 30 index gaining 0.25 percent…
EBRD lends $700 mln to help Egyptian SME businesses
The European Bank for Reconstruction and Development (EBRD) will lend nine Egyptian banks $700 million to help…
Renaissance Capital sees Egypt’s GDP at 3.5% in 2020, 2.8% in 2021, 5% in 2022
Renaissance Capital (RenCap) forecasts in a recent report that Egypt’s real GDP growth to record 3.5 percent for…
Egypt’s Banque du Caire plans to resume IPO still ‘premature’ – sources
Plans to reschedule Banque du Caire’s (BDC) initial public offering (IPO) on Egypt’s stock exchange is “premature”…
Germany’s services sector affected by COVID-19 lockdown: PMI
German service sector activity has contracted faster this month after restrictive measures were introduced to tame…
