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Apple earnings carry US markets through a rough patch + Qatar could issue green bonds
US markets claw back losses at the end of an extremely volatile week: The S&P 500 and the Dow Jones…
We’re getting a fresh USD 368 mn loan from the AMF
Egypt will receive a USD 368 mn loan from the Arab Monetary Fund (AMF) to help strengthen its financial position…
Central bank to leave rates on hold despite Fed tightening
The Central Bank of Egypt will likely leave interest rates on hold when it meets this Thursday despite forecasts for…
Egypt bucks the trend as IMF downgrades global growth
The IMF downgraded its projection for global growth in 2022 to 4.4% in its World Economic Outlook update, down 0.5…
EBRD writes USD 100 mn check for Scatec’s green bond
EBRD backs Scatec Solar Benban green bond: The European Bank for Reconstruction and Development (EBRD) will subscribe to almost a…
Budget deficit widens to 3.9% in 1H2021-22
Egypt’s budget deficit stood at 3.9% in 1H2021-2022, widening from 3.6% in the first half of last fiscal year, Finance…
Hitachi to help connect Vestas’ 250 MW Suez Gulf wind farm to national grid
Hitachi Energy will provide the equipment to connect Vestas’ 250 MW wind farm in the Gulf of Suez to the…
Primary surplus falls y-o-y in 1H2021-2022
Egypt generated a EGP 3.2 bn primary surplus in 1H2021-2022, Finance Minister Mohamed Maait said during the weekly cabinet meeting…
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