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The economy dominated the airwaves until the early hours
El Hadidi warned 2024 “may be the most difficult for us economically…whether for people’s pockets, lives, or the government itself,”
Gov’t unveils six-year strategy to triple FX receipts. PLUS: IMF sees USD trading at 36.83 against EGP through 2028
The government aims to ramp up its foreign exchange inflows to around USD 300 bn a year by 2030
Saudi Arabia’s Public Investment Fund ranked as world’s top sovereign wealth fund big spender in 2023
For the first time in six years, Singapore’s deep-pocketed GIC was knocked out of first place
Madbouly cabinet beefs up penalties for hoarders
Hoarders face can face up to one year of imprisonment and a fine up to EGP 2 mn
Beltone, Chimera part of new Abu Dhabi holdco with >USD 27 bn in assets
The assets include Egypt’s Beltone Financial, Chimera Investments, Citadel Technologies, Sagasse Investments, Lunate, and International Resources Holding
EIB, EU extend EUR 165 mn to green our industrial sector. PLUS: Jinbei’s buys Brilliance stake, GUPCO, data centers, steel price rises, sugar tenders
The funds will help the private and public sector combat industrial pollution
Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
Abu Dhabi Tourism Investment Company has allocated USD 80 mn to build a new hotel under the brand Sofitel Legend,…
MAFI inks contracts for USD 300 mn agri-food industrial complex
The complex has earmarked 90% of production for export
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