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Valu raises EGP 463.3 mn in its first securitized bond issuance of the year
The issuance is the fourth in a wider EGP 16.0 bn program
Egypt’s net foreign assets jump 65.8% to USD 8.7 bn in January
This follows two consecutive months of decline in Egypt’s net foreign assets
Bybit hack fuels BTC sell-off amid broader market jitters
The FBI has linked the Bybit theft to North Korea
FinMin is in line for a USD 500 mn syndicated loan
PLUS- Travco Properties plans to invest EGP 50 bn to build 5k hotel units
The lowdown on Egypt’s external debt obligations in 2025
Egypt’s external obligations are estimated to be around USD 55 bn between 2025 and the end of 2026
Indian Flex PET inaugurates USD 175 mn PET resin factory in Sokhna — and much more from Madbouly’s day in Sokhna
AND- China’s Cady inaugurates USD 100 mn textile factory
EBRD trims Egypt’s 2025 growth forecast
The EBRD now sees the economy growing at a 4.2% clip in 2025
Kouchouk announces EGP 85 bn package of wage and pension hikes
The public-sector minimum wage will rise by EGP 1k to EGP 7k
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