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World Bank’s IFC says invested $10 billion in Egypt in 10 years
The World Bank’s International Finance Corporation (IFC) had invested $4 billion over the past decade in Egypt,…
Telecom Egypt may sell Vodafone stake to STC: sources
Telecom Egypt may sell its 45 percent stake in Vodafone Egypt to Saudi Telecom Co. (STC), telecommunications sector…
Egypt received inflows of $200 bln in 3 years since currency float
Egypt’s central bank governor Tarek Amer said on Tuesday the country had received foreign cash inflows of around…
Egypt negotiating IMF for technical assistance – c.bank governor
Egypt is negotiating with the International Monetary Fund (IMF) for technical assistance on non-financial…
Egypt cuts energy subsidy spending in H2-2019
Egypt has cut its spending on energy subsidies to 9.88 billion Egyptian pounds ($631 million) during the second…
EIB backs Egypt’s Tanta-Mansoura – Damietta railway upgrade scheme
The European Investment Bank (EIB) has on Monday signed a cooperation agreement to provide up to €1.5 million ($1.6…
Egypt’s net government debt issuances 12% up in H1-2019/20
Egypt’s net government debt issuances rose by around 12 percent year-on-year in the first half of the 2019-20…
Egypt signs oil and gas deal with Germany’s Wintershall Dea
Egyptian Oil Minister Tarek el-Molla has signed on Monday a new oil and gas exploration and production deal worth…
NBK Egypt reports profit increase of 8.3 % 2019
National Bank of Kuwait – Egypt (NBK Egypt) reported an 8.3 percent year-on-year profit increase during 2019.
Egypt’s annual urban consumer inflation slightly up to 7.2% in January
Egypt’s annual urban consumer inflation slightly rose to 7.2 percent in January from 7.1 percent in December, the…