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Financial Institutions
PM: Egypt sticks to external debt reduction path, eyes more FDI
Egypt will continue efforts to curb external debt and attract more foreign investment as part of a broader strategy…
IMF upgrades UK growth outlook amid economic recovery
The UK economy is showing signs of recovery following a slowdown in late 2024, with the International Monetary Fund…
Egypt, Germany sign new debt swap agreement
Egypt and Germany have signed a new €21 million debt swap tranche on Monday to enhance the supply of renewable…
AfDB to elect new president amid funding challenges
The African Development Bank (AfDB) will elect a new president this week during its annual summit in Abidjan, as…
Egypt allocates EGP 93.5b for Giza development in FY 2024/25
Egypt has earmarked 93.5 billion Egyptian pounds in public investments for Giza Governorate in the 2024/25 fiscal…
EGP edges down vs USD on Thursday
The Egyptian pound (EGP) edged down against the US dollar (USD) on Thursday, May 22, 2025, according to data from…
Uganda secures $800m from IsDB
Uganda has signed Thursday a $800 million financing agreement with the Islamic Development Bank (IsDB) to fund…
Turkey keeps inflation forecast unchanged at 24%
Turkey’s central bank kept its year-end inflation forecast steady at 24 per cent on Thursday, with Governor Fatih…
Egypt’s PM: Hard currency inflows cover demand, no backlog
Egypt’s domestic hard currency resources have been sufficient over the past two months, particularly last month, to…
Egypt’s PM: IMF mission in Cairo for 5th review
An International Monetary Fund (IMF) mission is currently in Egypt for the fifth review of the country's economic…