Egypt’s FX revenues fall 24% in 2022-2023
Egypt's foreign exchange revenues totalled $121.9 billion in 2022-2023, down 24 per cent from $160.5 billion in…
Browsing Tag
United Arab Emirates (UAE)
Egypt’s budget initial surplus hits EGP 193b in 8 months
Egypt’s budget has significantly improved in the past eight months, showing an initial surplus of 193 billion…
World Bank pledges $3b support to Egypt – minister
The World Bank (WB) has pledged $3 billion in support to Egypt following the country's successful negotiation of an…
Egypt lauds UAE’s swift actions regarding Ras El Hekma project
Egypt’s Prime Minister commended the UAE for promptly initiating the Ras El Hekma contract, paying the first…
Egypt receives 1st $5b for Ras El Hekma deal
Egypt’s Prime Minister Moustafa Madbouly has confirmed on Thursday the receipt of a $5 billion payment as part of…
Sisi: Egypt receives 1st payment of Ras El Hekma project
President Abdel Fattah al-Sisi of Egypt announced on Wednesday that the initial batch of the Ras El Hekma project’s…
Egypt’s sovereign USD bonds rally on Ras El-Hekma deal
Egypt's sovereign dollar bonds surged more than 1 cent on Monday, continuing the sharp rally after the UAE…
Alibaba discloses state ownership amid SEC inquiry
Alibaba Group Holding Ltd. revealed a broader network of Chinese government stakes in its business units, in…
UAE’s UDC to build new urban community in Cairo
Egypt's New Urban Communities Authority (NUCA) and the UAE’s UDC, real estate development company, signed a…
Egypt, UAE sign agreement to prevent double taxation
Egypt and the United Arab Emirates (UAE) signed an agreement on Sunday to eliminate double taxation on income and…
