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Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
Egypt’s net foreign asset deficit narrows in March following rise in FX reserves
The CBE’s net foreign asset deficit narrowed to its lowest levels in over two years
What are Egypt’s targets and spending plans for the green economy in FY 2024-25?
The gov’t aims to generate 20% of its electricity from renewables in the coming fiscal year
The cost of hosting refugees and foreign residents in Egypt caught the attention of the nation’s talking heads
Refugees and foreign residents cost Egypt USD 10 bn annually to host, according to Prime Minister Mostafa Madbouly
Japan pledges USD 230 mn in budget support
Non-traditional, low-cost development financing tools can bridge the financing gap for emerging economies, Maait says.
IFC’s Sustainable Banking and Finance Network upgrades Egypt’s sustainable finance rating
The SBFN attributed the upgrade to “collaboration among Egypt’s financial regulatory bodies” to promote sustainability
Talk shows explore a fresh IMF report on Egypt’s loan program. PLUS: US pro-Palestine student protests get airtime
The biggest risk to Egypt’s loan program will be maintaining a free exchange rate, says economist Mohamed Fouad
Egypt could receive another USD 820 mn tranche in June
The country has met 7 out of 15 structural reform targets set by the fund
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