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Business
Maspero triangle’s towers will be up and standing in 30 months: NUCA
Egypt's New Urban Communities Authority is set to develop three residential towers in Maspiro Triangle within 30…
CIB signs $100M MoU with British institution CDC
Commercial International Bank (CIB) signed a memorandum of understanding (MoU) worth $100 million with the British…
Egypt may list its first green bonds in LSE this year
Egypt will consider listing its first green bond on the London Stock Exchange this year, said a joint statement by…
UK announces £24 million to support Egypt development sectors
UK announced on Monday a new financial assistance package totalling £24 million ($30.6 million) to support Egypt’s…
Egyptian property developer IWAN eyes higher investments this year
Egyptian property developer IWAN Development plans to pump 2 billion Egyptian pounds ($126 million) into its…
Foreign investment in Egypt treasuries hit $22 billion end-Dec.
Foreign investment in Egyptian treasuries rose to $22 billion by the end of December, Finance Minister Mohamed…
Egypt’s Talaat Moustafa to issue its first sukuk in April
Egyptian property developer Talaat Moustafa Group, plans to issue sukuk, or Islamic bonds, worth 2 billion Egyptian…
Egypt H1 of FY20 budget deficit 3.8% of GDP – minister
Egypt’s budget deficit in the first half of the financial year was 3.8 percent of gross domestic product (GDP), up…
Egypt’s Industrial Development bank achieves profits of EGP 512m in 2019
Egypt's state-run Industrial Development bank (IDB) achieved profits of 512 million Egyptian pounds, before taxes,…
Egypt’s external debt increases 17.3% YoY to $108.7bn in FY19
Egypt’s external debt increased by $16bn to $108.7bn in fiscal year (FY) 2018/19, from $92.6bn in FY 2017/18, up…