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Current account deficit narrows to USD 15.4 bn in FY 2024-25
The non-oil trade deficit widened to USD 37.1 bn during the fiscal year
International investors are increasingly eyeing Egypt’s property sector, but each nationality has its own preferences
Residential real estate affordability was the main pull for investors, ranked first by 24.2% of respondents
CBE cuts rates by 100 bps
Good morning, friends, and a happy Friday to you all. We hope your AC units haven’t gone into hibernation yet…
Emirati port operator eyes USD 1 bn investment in our ports
PLUS- Cairo House Egypt is in line for a EGP 15 bn loan for its Mogamma revamp
Qatari Diar + St. Regis to launch USD 3.5 bn Red Sea project
Details on the proposed USD 3.5 bn project are still few and far between
Current account deficit narrows to USD 13.2 bn in 9M 2024-25
The non-oil trade deficit widened to USD 28 bn during the nine-month period
Qatar nears USD 4 bn agreement to develop Sahel mega tourism project
The USD 4 bn allocation covers both usufruct rights for the land and the cost of infrastructure
Saudi deposits could be converted into new investments in real estate among other sectors
Several agreements are currently under review and are expected to significantly boost FDI
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