Browsing Category
Money
S&P affirms Egypt’s ‘’B-/B’ rating, with stable outlook
Rating agency Standard and Poor’s (S&P) affirmed Friday its “B/B-” long and short-term foreign and local…
IMF reaches staff-level agreement on second payment of Egypt loan
The International Monetary Fund has reached Friday a staff-level agreement on a second payment that would make…
British PM reiterates support of Egypt’s economic reform steps
British Prime Minister Theresa May has retiterated her country’s full support of Egypt’s economic reform measures…
Egypt Airports Holding Co. launches property insurance policy tender
The state-urn Egyptian Holding Company for Airports and Air Navigation (EHCAAN) has put out to tender a new…
Foreign investment in Egypt treasury bills jumps to six-year high
Foreign investment in Egyptian government’s treasury bills is reaching its highest levels in six years since 2011…
Bank of England keeps interest rates on hold, cuts growth forecast modestly
The Bank of England sent on Thursday a mixed message on the future pace of interest rate rises ahead of next…
Egypt’s economy seems to be ‘gradually picking itself up’: Focus Economics report
Egypt’s economy “seems to be gradually picking itself up”, the Focus Economics’ monthly Consensus Forecast’s report…
World’s deepest devaluation tempts foreign investors back to Egyptian market
As Egypt reaps the rewards of an intense devaluation, it has managed to tempt foreign investors back to its…
Egypt’s annual core inflation eases slightly to 32.06% in April
Egypt's annual core inflation eased slightly to 32.06 percent in April, down from 32.25 percent in March and 33.10…
EBRD approves €200 million for wastewater treatment projects in Egypt’s Fayoum
The European Bank for Reconstruction and Development (EBRD) has approved a €200 million ($217 million) loan for…