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The agreement will see Egypt exchange EGP 42 bn for AED 5 bn!_NewsLead_!
Author Archives: enterpriseam admin
Posted inCapital markets
Egypt faces possible demotion on FTSE stock indexes amid FX crunch
Foreign investors are reportedly encountering problems repatriating FX from Egypt as the country endures its worst FX crisis in years
Posted inEconomy
EBRD cuts Egypt growth outlook for 2024
The bank cuts its Egypt growth forecast for 2024 by 0.7 percentage points
Posted inDEBT WATCH
China to lend Egypt USD 400 mn for electric light rail train
The Export-Import Bank of China (China Eximbank) is lending Egypt USD 400 mn to finance the third phase of the electric light rail train (LRT), Asharq Business reports, citing people it says have knowledge of the matter. The loan would finance completion of the delayed project, adding 20.4 km and four additional stations to the […]
Posted inPHARMA
Eva Pharma inks agreement for Saudi pharma complex
The complex will include a research and development center and five pharma factories
Posted inCommodities
Egypt buys 170k tons of wheat in int’l tender
State grains buyer GASC has purchased the grain from Romanian and Bulgarian suppliers
Posted inCabinet watch
Introducing: The “What the Government Wants from Us” account
The gov’t will establish an electronic system for financial clearance and settlements between investors and government entities
Posted inMoves
Taqa Arabia reshuffles board following stake sale. PLUS: New cabinet spokesperson, e-Aswaaq has a new CEO
The military now has three representatives on the board following its acquisition of 20% of the company in July
Posted inLAST NIGHT’S TALK SHOWS
Egypt’s talking heads wax lyrical about the “Homeland” conference, El Sisi
President Abdel Fattah El Sisi was at center stage last night after he inaugurated a three-day conference titled “Story of Homeland: Between Vision and Achievement” in the new capital yesterday (watch, runtime: 14:19). In his remarks, El Sisi addressed reducing imports, developing local industries, and encouraging Egyptian and foreign investors to work with the government […]