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Money
Egyptian Electricity Transmission Company in talks with banks over EGP4 billion loan
State-run Egyptian Electricity Transmission Company (EETC) is in talks with a consortium of banks for a loan worth…
Egypt’s domestic liquidity grows to EGP 5.134 trillion in Q1
Egypt’s domestic liquidity rose to 5.134 trillion Egyptian pounds ($327.7 billion) in the first quarter of the year…
Sisi approves $95 million OPEC Fund loan to support Egypt MSMEs
Egyptian President Abdel Fattah al-Sisi approved on Thursday a $95 million loan from the OPEC's Fund for…
Egypt’s US-dominated T-bills latest offering attract $988.5 mln
Egypt’s US-dominated treasury bills (T-bills) which was offered in latest auction has managed to attract $988.5…
Egypt launches first multi-stakeholder platform for private sector
Egypt launches the first multi-stakeholder platform for the private sector with the aim of strengthening…
Egypt’s Misr Capital launches $380m healthcare investment platform
Misr Capital Investments, the investment arm of Banque Misr, announced on Wednesday that it had launched Nile Misr…
Egypt’s CBE leaves key interest rates unchanged for third time in 2021
The Monetary Policy Committee (MPC) of Egypt's central bank (CBE) decided on Wednesday to keep the current interest…
Egypt working with IMF for medium-term revenue strategy targeting 2% GDP increase:…
Egypt and the International Monetary Fund (IMF) are working together to draft a medium-term revenue strategy (MTRS)…
Naguib Sawiri resigns from Orascom Investment Holding as Chairman
Orascom Investment Holding (OIH) board approved on Wednesday the resignation of Egyptian business tycoon Naguib…
Tourism revenues in Egypt will increase by $3bn on Russian flight resumptions: Goldman…
The tourism sector in Egypt will be seeing an additional revenues by over $3 billion annually after the return of…