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Shored-up FX reserves have helped the economy absorb external shocks, says Lall
Egypt’s shored-up FX reserves have helped the economy absorb the effects of external shocks, IMF Mission Chief for Egypt Subir…
Speed Round
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AfreximBank plans to provide as much as USD 1 bn in funding to Egypt’s private, public sectors this year
AfreximBank is planning to provide as much as USD 1 bn in funding to Egypt this year, Executive Vice President…
FinMin ups budget deficit figure for FY2017-18 to 10.2% from 9.8%
EXCLUSIVE- Expect the FY2017-18 budget to target a deficit of 10.2%, up from the 9.8% initially forecast: The Finance Ministry…
Auto sales up 35.9% in 4M2018
Total auto sales jumped 35.9% y-o-y in the first four months this year, with around 49,062 units sold, according to…
EFG Hermes tops EGX’s May brokerage league table
EFG Hermes topped the EGX’s brokerage league table for May, seeing its market share rise to 20% from 17.7% in…
Castrol, TAQA to establish JV to manufacture and distribute engine oil in Egypt
INVESTMENT WATCH- Castrol, TAQA to establish JV to manufacture and distribute engine oil in Egypt: BP announced on Thursday (pdf)…
Abraaj sold 35% stake in CIRA for more than USD 20 mn
INVESTMENT WATCH- Abraaj sold 35% stake in CIRA for more than USD 20 mn: Abraaj Capital reportedly sold last week…
TE to set up shop abroad by year’s end
TE to set up shop abroad by year’s end: State-owned fixed-line monopoly Telecom Egypt is eyeing international expansion and will…
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