Egypt’s El Sewedy Electric, Algeria’s Sonelgaz sign MoU to expand power projects
Egypt’s El Sewedy Electric signed on Thursday a memorandum of understanding with Algerian state-owned utility…
Egypt begins first phase of low-interest loan plan for production lines
Egypt has rolled out the first phase of a 30 billion Egyptian pound ($586.7 million) initiative aimed at supporting…
PM: Egypt nears full operation of 1.15 GW Ras Ghareb wind projects
Egypt’s Prime Minister Moustafa Madbouly said on Thursday that two large-scale wind energy projects in the Red…
Disinflation to continue through 2026, but at slower pace – Egypt’s c.bank
Egypt’s central bank expects inflation to continue easing over the course of 2025 and 2026, although at a slower…
URGENT: Egypt c.bank cuts rates by 225 bps, first easing in 5 years amid slowing inflation
Egypt’s central bank (CBE) cut its key interest rates by 225 basis points on Thursday, delivering its first rate…
US sanctions Yemen’s International Bank of Yemen for backing Iran-aligned Houthis
The US Treasury Department on Thursday sanctioned the International Bank of Yemen (IBY) and three of its top…
Egypt signs contracts to develop major petrochemical hub with Chinese partnership
Egypt on Wednesday signed a package of design contracts for the first phase of a $7.5 billion Red Sea petrochemical…
EGX ends week mixed on April 17
Egypt’s stock exchange (EGX)t closed on a mixed note Thursday, with the benchmark EGX30 index rising 0.10 per cent…
Markets shrug off ECB’s seventh rate cut
European shares extended losses on Thursday after the European Central Bank (ECB) lowered interest rates by 25…
Egypt’s Sisi, Rwanda’s Kagame discuss E. Congo crisis, cooperation
Egyptian President Abdel Fattah El Sisi held a phone call on Thursday with Rwandan President Paul Kagame to discuss…