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Egyptian Exchange briefing 26/07/2023
The Egyptian Exchange closed low on Wednesday with the main index, EGX 30, dropping by -0.48 percent to 17,396.24.
IMF trims Egypt’s GDP growth forecast for FY 2023/24 to 4.1%
The International Monetary Fund (IMF) decreased its forecast for Egypt’s real gross domestic product (GDP) for the…
Egypt’s NSPO takes 20% stake in TAQA Arabia
Egypt military's National Service Project Organisation (NSPO) acquired 20 percent of shares in TAQA Arabia,…
Australia fines Meta $14 mln for misleading users
The Australian Federal Court has ordered Meta Platforms to pay fines amounting £20 million ($14 million) for…
Egypt’s current account deficit at $5.3bln in July-March 2022/23 – CBE
Egypt's current account deficit shrunk to $5.3 billion in July-March of the fiscal year 2022/23 compared to $13.6…
Egypt grants foreign yacht tourists three-month visa to boost tourism
Egypt has decided to grant foreign yacht tourists three-month visas instead of the previous one-month allowance,…
Egypt posts $281.9 mln balance of payments surplus in 9 months
Egypt’s balance of payments (BoP) achieved an overall surplus of $281.9 million in July-March of the financial year…
Egyptian Exchange briefing 25/07/2023
The Egyptian Exchange closed low on Tuesday with the main index, EGX 30, falling by -0.40 percent to 17,479.94.
Japan’s Torishima to invest $5mln pump factory in SCZone
Japanese manufacturer Torishima is set to build a pump production centre in Egypt's Suez Canal Economic Zone…
Egypt’s NBE offers three-year certificates in U.S. dollar
The National Bank of Egypt (NBE) announced on Tuesday the issuance of two new savings certificates in U.S. dollars…