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Financial Institutions
UK inflation accelerates in April
UK inflation picked up pace in April 2025, with the Consumer Prices Index including owner occupiers’ housing costs…
EGP opens slightly down in Wednesday early trade
The Egyptian pound (EGP) nudges down against the US dollar (USD) during early trading on Wednesday, May 21, 2025.
EGP appreciates vs US dollar for 8th straight day
The Egyptian pound (EGP) edged up against the US dollar (USD) on Tuesday, May 20, 2025, according to data from the…
China’s Hightex to invest $17m in decorative fabrics plant in Egypt’s West Qantara
Chinese textile manufacturer Hightex Co., Ltd Hangzhou. will invest $17 million to build a decorative fabrics and…
Egypt’s FinMin says private sector key to closing development finance gap
Egypt’s Finance Minister Ahmed Kouchouk said on Tuesday that engaging the private sector is the most effective way…
Egypt’s Sisi holds economic review with PM, CBE governor
Egyptian President Abdel Fattah El-Sisi met Tuesday with Prime Minister Moustafa Madbouly and Central Bank of Egypt…
EU provisionally agrees to €4bn aid for Egypt
The European Council has reached Monday a provisional agreement with the European Parliament to disburse Egypt €4…
Egypt’s annual urban inflation rises in April ’25
Egypt’s annual urban headline inflation edged up to 13.9 per cent in April 2025, from 13.6 per cent in March,…
Egypt pushes to resolve state financial entanglements
Egypt’s Prime Minister Mostafa Madbouly chaired a meeting to follow up on efforts to resolve long-standing…
Algeria to receive $3b from IsDB
Algeria is set to secure $3 billion in financing from the Islamic Development Bank (IsDB) over the coming three…