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Egypt is building a dam in Tanzania that pays off more there than at home — and there’s a strategic reason
The logic of this push is like nothing else in Egypt’s expansion abroad
CBE holds rates for a fourth meeting as inflation risks linger
The CBE kept its overnight deposit and lending rates at 19.0% and 20.0% as inflation risks and regional tensions continue
CBE lifts growth forecasts as economy withstands regional shock
The CBE sees growth at 4.9% this FY, while forecasting average inflation of 16.6% as regional tensions continue to cloud…
CBE Gov Hassan Abdalla’s term ends today, with a record split between reform and buffer
Abdalla’s current term runs out today, and a cleaner test lies ahead, as roughly USD 18 bn in Gulf deposits…
HSBC to sell Egyptian retail portfolio to Emirates NBD
HSBC says it remains committed to corporate and investment banking in Egypt; the two business units account for the lion’s…
IMF board signs off on seventh review, clearing USD 1.8 bn disbursement
With USD 1.8 bn arriving tomorrow, the government has until December to clear the final review and unlock the program’s…
Egypt’s first climate fiscal risk statement puts a number on tns in state assets under review
Climate risk is starting to show up in the budget, not just the forecast
Egypt secures EUR 690 mn in EU financing for grid upgrade
This marks the first concrete project under T-Med, the EU’s new Mediterranean energy initiative and the largest single EU clean…
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