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What we’re tracking on 20 May 2019
As many as 17 people were injured yesterday after an explosive device hit a touristbus near the Grand Egyptian Museum,…
Trade
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Egypt’s Sisi ratifies EUR 102.5 mn loan agreement with Germany
President Sisi ratifies EUR 102.5 mn loan agreement with Germany: President Abdel Fattah El Sisi on Thursday ratified an agreement…
El Sisi meets with Abu Dhabi’s bin Zayed
El Sisi, Abu Dhabi’s bin Zayed talk regional tensions: President Abdel Fattah El Sisi met yesterday with Abu Dhabi Crown…
US Rep Case visits Egyptian House of Representatives
US Representative Edward Case visited the Egyptian House of Representatives yesterday, making him the first member of Congress to visit…
Egypt to export USD 2 bn worth of natural gas next fiscal year
Egypt is expected to export 12 mn tonnes of natural gas worth USD 2 bn in FY2019-20, EGPC official Ayman…
Germany waiting on parliament approval for USD 250 mn debt swap with Egypt
Germany plans to lend Egypt USD 250 mn this year as part of a debt swap arrangement that was suspended…
Egypt’s MM Group to acquire factoring company Tamweel by the end of May
M&A WATCH- MM Group to acquire factoring company Tamweel by the end of May: MM Group for Industry and International…
Global market turmoil sends investors fleeing emerging market shares and currencies
Turmoil in global markets had investors fleeing EM and other so-called “risky” assets yesterday. Shares in developed markets also took…
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