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Financial Institutions
Egypt approves EBRD expansion
Egypt has approved amendments to the European Bank for Reconstruction and Development (EBRD) founding agreement to…
Fed trims US GDP growth outlook
The Federal Reserve lowered its 2025 growth outlook. It indicated only gradual interest rate cuts in the coming…
PM: Egypt no longer reliant on hot money for reserves
Prime Minister Moustafa Madbouly said Wednesday recent outflows of hot money in the wake of regional tensions pose…
Egypt’s PM vows to press ahead with reforms to shield investment from regional turmoil
Egyptian Prime Minister Moustafa Madbouly pledged on Wednesday that his government will stay the course on economic…
Egypt’s Madbouly says economy ‘totally stable’ but warns of fallout if crisis deepens
Egyptian Prime Minister Moustafa Madbouly said the nation’s economy remains resilient as regional tensions persist,…
Egypt schedules crisis committee meeting next week to plan for regional risks
Egypt’s government will hold a second crisis committee meeting by mid-next week to review contingency plans as the…
Egypt’s FM, EU Parl. head discuss strategic partnership, regional stability
Egyptian Foreign Minister Badr Abdel-Aty on Wednesday expressed appreciation for the European Parliament’s approval…
European Parl. approves final reading of 2nd loan tranche to Egypt
The European Parliament on Wednesday approved the final reading of a decision to grant Egypt the second tranche of…
Egypt sets 3-month goal to join world’s top 50 in business readiness: minister
Egypt plans to climb into the world’s top 50 economies for business readiness within three months, part of an…
EGP inches down vs USD in Wednesday midday trade
The Egyptian pound (EGP) declined against the US dollar (USD) in midday trading on Wednesday, June 18, 2025. By…