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Financial Institutions
S&P upgrades Egypt to ‘B’, citing reform gains, stronger growth outlook
S&P Global Ratings on Friday upgraded Egypt’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing…
Egypt’s c.bank launches Banking Reform and Development Fund
Egypt’s central bank has launched the Banking Reform and Development Fund and appointed an eleven-member board for…
Egypt launches new tugboats as part of Suez Canal fleet modernisation drive
Egypt launched two new tugboats, Azm 3 and Azm 4, as part of the Suez Canal Authority’s (SCA) plan to modernise its…
IMF, Jordan reach staff-level agreement on economic reform reviews
The International Monetary Fund (IMF) has reached a staff-level agreement with Jordan on the fourth review under…
World Bank sees improved MENAAP growth
The World Bank projected the Middle East, North Africa, Afghanistan, and Pakistan (MENAAP) region to record growth…
Suez Canal revenues drop 45.5% in FY 2024/2025 – CBE
Egypt's Suez Canal revenues dropped 45.5 per cent to $3.6 billion during fiscal year 2024/2025, compared to $6.6…
Egypt’s oil sector posts $598.3m net FDI inflow in FY2024/25 – CBE
Egypt’s oil sector achieved a net foreign direct investment (FDI) inflow of $598.3 million during fiscal year…
Egypt to meet IMF next week to set date for fifth, sixth reviews – PM
Egypt will meet with International Monetary Fund (IMF) officials next week to determine the timing of the Fund’s…
Egypt’s current account deficit narrows 25.9% in FY 2024/2025 – CBE
Egypt’s current account deficit narrowed by 25.9 per cent in the 2024/2025 fiscal year, supported by a surge in…
Egypt approves accession to WTO’s Investment Facilitation for Development Agreement…
Egypt’s Cabinet approved on Tuesday the country’s accession to the Investment Facilitation for Development (IFD)…