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IMF, World Bank cut Egypt's growth forecast
The IMF now sees the economy growing at a 3.6% clip during the current fiscal year
Orascom Construction, Engie, Toyota Tsusho, and Eurus Energy kick off commercial operations at Ras Ghareb wind farm
The 650 MW wind farm is set to reduce carbon emissions by 1.3 mn tons annually
Kouchouk lays out what’s next for Egypt’s economy with Lamis El Hadidi
Some USD 1.2 bn is set to land in state coffers from the IMF later this month
A look back at the Egyptian economy over this past year
We rang 2024 in with a parallel market spiraling out of control
When can we expect the newly unlocked USD 1.2 bn from the IMF to land in state coffers?
Good morning, everyone. After a busy Wednesday, we have a brisk issue for you this morning as we slide into…
IMF reaches staff-level agreement with Egypt on fourth loan review
The agreement grants Egypt access to USD 1.2 bn pending the Fund’s executive board’s approval
EBRD greenlights USD 275 mn loan for Gulf of Suez mega wind farm
EBRD is contributing USD 200 mn and the remaining USD 75 mn will be coming from Arab Bank and Standard…
EU approves the disbursement of EUR 1 bn to Egypt
The package marks the first phase of a EUR 5 bn set of concessional loans running through 2027
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