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Suez Canal revenues hit USD 6.1 bn so far this year
Suez Canal revenues are up 13% y-o-y, rising to USD 6.1 bn YTD, Suez Canal Authority boss Osama Rabie said,…
THIS EVENING: Thousands of firms get temporary minimum wage exemption + Omicron to hit global growth + TRY rollercoaster.
Good afternoon, friends, and welcome to the calm after the storm. The snow has melted, the winds have died down,…
Wheat could get pricier as Russia mulls higher export tariffs
Brace yourself for pricier wheat as Russia mulls raising export tariffs on the grain: Russia, the world’s largest wheat exporter,…
Gulf banking syndicate disburses USD 3 bn loan to Egypt gov’t
The Gulf banking syndicate that agreed last month to lend USD 3 bn to the Egyptian government has disbursed the…
Transmashholding to provide tech support + spare parts for its railcar deliveries
Russia’s Transmashholding will provide technical support and spare parts for the 1.3k rail cars it is delivering to Egypt under…
Spain offers EUR 400 mn to finance joint projects
The Spanish government could provide EUR 400 mn in credit facilities for “joint projects” in Egypt, under an agreement signed…
Egypt economy grows at fastest pace in 2 decades in 1Q
Egypt’s economy grew at its quickest pace in two decades in 1Q 2021-2022, as it continued to rebound from last…
A shot in the arm for our energy hub ambitions?
A flurry of regional and international energy news out yesterday could give Egypt a chance to boost its regional energy…
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