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Egypt’s foreign reserves slip again in May, but at a slower pace
Foreign reserves slipped again in May, but at a slower pace: Foreign reserves edged down USD 1 bn to USD…
Egypt’s stocks nearly 5% higher after early SBA agreement
EGX rallies nearly 5% on news we reached a preliminary agreement for more IMF funding: The EGX30 rose 4.6% in…
Gov’t sponsored Cairo Declaration puts forth a resolution to Libya’s civil war
Egypt brokers ceasefire agreement in Libya, potentially setting up peace talks: The Libyan National Army (LNA)’s General Khalifa Haftar and…
Vezeeta inks agreement with STC to provide telehealth to company employees
STARTUP WATCH- Vezeeta inks agreement with STC to provide telehealth to company employees: Digital healthcare startup Vezeeta has signed a…
National Bank of Egypt and Banque Misr sell EGP 170 bn of high-yield savings certificates
State banks sell EGP 170 bn of 15% savings certificates in just over two months: Banque Misr has so far…
Amendments to the sovereign fund law are up for final parliamentary review and vote today
LEGISLATION WATCH- Sovereign fund law is up for plenary discussion in parliament today: Proposed amendments to the Sovereign Fund of…
Emaar Misr to build new EGP 40 bn development in Greater Cairo
INVESTMENT WATCH- Emaar Misr is looking to build a new EGP 40 bn investment zone in the Greater Cairo area,…
Saudi German Hospital seeking IFC loan for Egypt expansion
INVESTMENT WATCH- Saudi German Hospital seeking IFC loan for Egypt expansion: The Saudi German Hospital Group is seeking a loan…
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