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Gov’t could announce its biggest social support package to date in September
The package could be implemented starting October
Non-oil private sector activity remains near growth territory despite dipping in July
The index dipped slightly to 49.7 in July, down from an almost three-year peak of 49.9 in June
Global markets meltdown hit home — the EGP hit six-month lows
The EGX30 dropped 2.3% to close at 27.8k yesterday
AfDB could help fund our 1.1 GW wind farm. PLUS: News from Ibn Sina, Palm Hills, Honor
The wind farm is slated to start commercial operations in late 2027
Egypt launches USD 660 mn ethane gas import company. PLUS: News from Banque du Caire, Tourism Ministry,
The company aims to import 1.1 mn tons of liquefied ethane gas a year
Net foreign asset position remains in the green in June despite surplus falling 10%
The net foreign asset surplus at commercial banks shrank 41.0% from the month before in June
Saudi Arabia to use CBE deposits to fuel Egypt investments
Saudi Arabia sees Egypt “as a promising market and important export platform for the countries of the region”
Contact Financial is setting up an ins. consultancy firm. PLUS: News from Banque Misr, Visa, Misr Ins., Emaar Misr
The firm will have an initial capital of EGP 10 mn and will provide comprehensive ins. services
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