Op-Ed: Egypt’s al-Sisi Carries out Demands of IMF on Subsidies
More than a week after President Abdel Fattah al-Sisi slashed fuel subsidies by up to 80 per cent there have been…
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Egyptian economy
SFD Egypt Pumps EGP850 million in Small Projects in 6 Months
The Egyptian Social Fund for Development (SFD) has spent about EGP 850 million supporting small enterprises in the…
SANAD issues $10 Million Loan to ALEXBANK in Egypt
The SANAD Fund for MSME (SANAD) signed a US$10 million senior loan contract with ALEXBANK. This loan, SANAD’s first…
Suez Canal Achieves New Record Cargo
Egypt's vital waterway Suez Canal has achieved the second record number of cargo ships sailing through it on a…
United Bank Opens new Account to Support ‘Long Live Egypt Fund’
In a quick response to the initiative launched by the Egyptian President and the central bank, the United Bank…
Egypt Stocks End This Week, with EGP1.5 billion Gains
Egypt's stocks ended this week higher with gains totalling 1.5 billion Egyptian pounds triggered by foreign…
Egypt Stocks End Lower on Austerity Woes, Controversial Verdicts
Egypt's stocks continue its downward trend, ending Wednesday's session with losses totalling 4.2 billion Egyptian…
Sawiris’s Bid for Stake in EFG-Hermes Signals Revival of Egyptian Economy
The board of EFG Hermes said it was discussing the tender offer by a consortium led by Naguib Sawiris, the Egyptian…
IMF Ready to Help Egypt, Lagarde Tells President-Elect
International Monetary Fund chief Christine Lagarde has personally congratulated Egypt's President-elect Abdel…
Egypt Turns to Western Advisers, Signaling Possible Reforms – Sources
Western advisers are drawing up plans for reshaping the Egyptian economy, sources said, with the apparent blessing…
