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HSBC launches first-of-its-kind cash management solution in Egypt, UAE
HSBC will now allow treasurers to manage cash 24/7, including weekends and national holidays
AfDB approves USD 170 mn private sector development, economic diversification loan. PLUS: Paymob, Masria Digital Payments, SideUp, Mobica, Shell, Orascom Financial Holding
The funds will have a special emphasis on green growth
Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues
Google will start paying creators in local currency
Google currently pays creators on its platforms in USD
Egypt’s current account deficit quadruples in FY 2023-24
The deficit was driven by a significant increase in the trade deficit and a decline in Suez Canal revenues
Non-oil trade deficit declines 16% in 1H 2024
The improvement was attributed to a 9.8% increase in exports and a 3.3% decrease in imports
Our non-oil trade deficit narrowed 16% y-o-y in 1H 2024
Good afternoon, folks. The government’s efforts to slim down the country’s trade deficit seems to be going a lot better…
Egypt's current account deficit widens 225% y-o-y in 9M FY 2023-24
Strong FDI inflows and a shift to portfolio investment inflows help boost overall BoP surplus
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