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Egypt’s LNG exports make up 1% of the global market
Egypt’s liquified natural gas (LNG) exports made up 1% of the global market in 2019, according to a recent report…
Egyptian banks’ net foreign assets nearly halved in March amid covid-19 sell-off
“Egypt’s commercial banks provided USD to investors in March, helping keep the EGP stable during a bond selloff” in a…
Latest draft of the Banking Act is set to go to the House today; includes 1% industry development tax, appears to scrap proposed term limits on bank MDs
LEGISLATION WATCH- Latest draft of the Banking Act is set to go to the House today; includes 1% industry development…
MENA fund managers plan to increase their exposure to Egypt this quarter
MENA fund managers plan to increase their exposure to Egypt over the next three months, according to a Reuters poll.…
Regional President of BP North Africa Hesham Mekawi resigns
MOVES- BP North Africa Regional President Hesham Mekawi (LinkedIn) is stepping down from his position as of 1 July and…
Egypt probes alleged dumping of aluminum, rolled steel products
Egypt probes alleged dumping of aluminum, rolled steel products: The Trade Ministry began earlier this month a “safeguard investigation” into…
Egypt to obtain USD 400 mn World Bank loan for universal healthcare
CABINET WATCH- Egypt okays fresh financing from World Bank loan for healthcare: The Madbouly Cabinet agreed in its meeting yesterday…
Apicorp to support member countries with USD 500 mn ‘covid-19 recovery’ funding
Egyptian companies will be among the beneficiaries of USD 500 mn in covid-19 recovery funding from Apicorp: The Arab Petroleum…
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