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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…
THIS EVENING: Everyone is getting Thursday off + Nahr El Khair is 2022’s first listing + Edita to invest EGP 400 to increase production
Happy hump day and welcome to what is the second-to-last afternoon of this shortened week, ladies and gentlemen. The news…
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…
THIS MORNING: US Chamber of Commerce COP27 conference continues; Wild day in US stocks; IMF outlook out today; Fed meeting starts today.
Good morning, wonderful people, and happy hump day. What are you doing this morning to stay warm? Most of us…
THIS EVENING: Egypt’s budget deficit widens slightly in 1H2021-22 + Tourism revenues returned to pre-pandemic levels in 2021 + House discusses tourism + hotels law
Good afternoon, wonderful people. Welcome to a relatively brisk Monday on this holiday-shortened workweek. THE BIG STORIES TODAY #1- Egypt’s…
Another USD 2.6 bn in ITFC financing on the horizon?
Egypt to get USD 2.6 bn in financing from ITFC? The International Islamic Trade Finance Corporation (ITFC) has approved USD…
Gov’t could turn to sustainable development bonds to help fund Decent Life
Egypt is considering the issuance of sustainable development bonds to finance the Decent Life initiative, International Cooperation Minister Rania Al…
Korean presidential visit brings USD 1.3 bn in new financing, raft of cooperation agreements
We could have a trade agreement with South Korea soon: President Abdel Fattah El Sisi and South Korean President Moon…
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