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Egypt’s annual inflation falls to 13%
Inflation unexpectedly cooled in April: The annual headline rate of inflation fell to 13.0% in April from 14.2% in March,…
Egypt is studying sweeping changes to tax legislation
EXCLUSIVE- Gov’t studying significant tweaks to income tax legislation: The government has begun drafting changes to the Income Tax Act…
Empower seeks USD 154 mn in funding from banks
Renewable energy company Empower is currently in talks with local and international banks for a USD 154 mn loan to…
FinMin could take Egypt’s first sovereign sukuks to market by early 2020, looks to hike cap on eurobond issuances through FY2021-2022
EXCLUSIVE- Egypt could take to market its maiden issuance of sovereign sukuks in early 2020, a senior government official tells…
Moody’s sees Egypt’s long-term economic growth outperforming B-rated peers
Moody’s sees Egypt’s long-term economic growth outperforming B-rated peers: Egypt’s commitment to and progress on reforms since 2016 will help…
Stalling foreign investment and lack of competitiveness key risks to Egyptian economic growth- EBRD
Stalling foreign investment, high inflation are key risks to Egyptian economic growth- EBRD: A lack of foreign investment, persistent high…
Egypt’s GDP growth accelerated to 5.6% in 3Q2018-19
Egypt’s GDP growth accelerated to 5.6% in 3Q2018-19, up from 5.5% in 2Q2018-19 and 5.4% in 3Q2017-18, Planning Minister Hala…
Egypt, World Bank ink final agreement for USD 200 mn SMEs loan
Egypt, World Bank ink final agreement for USD 200 mn SMEs loan: Investment Minister Sahar Nasr and World Bank President…
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