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El Sisi renews terms for Suez Canal Economic Zone, Suez Canal Authority bosses
MOVES- President Abdel Fattah El Sisi renewed Yehia Zaki’s position as chairman of the Suez Canal Economic Zone for another…
Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC
HSBC sees the Egyptian economy growing at a 2.5-3% clip in FY2020-2021 as strong economic fundamentals help the country weather…
Oil demand slump hits Egypt’s Sumed pipeline
Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating…
Rising remittances curb current account deficit in 3Q2019-2020
Rising remittances curb current account deficit in 3Q2019-2020: A rise in foreign remittances helped Egypt’s current account shrug off the…
Egypt in the news on 9 July 2020
The [redacted] assault charge brought against former student Ahmed Bassam Zaki is leading the conversation on Egypt in the foreign…
Damietta Furniture withdraws EGP 1 bn loan installment
Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a…
Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown
Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an…
Suez Canal revenues flat in FY2019-2020
Suez Canal annual revenues were effectively unchanged in FY2019-2020 despite falling towards the end of the year due to the…
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