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Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues
We’re getting a revamped Companies Act that GAFI says will be ‘in line’ with changing investment climate
The law outlines the regulatory framework for the incorporation, management, and dissolution of companies in Egypt
Qatari, Egyptian investors eye USD 100 mn steel and iron factory
Good morning, ladies and gentlemen. After a busy start to the week, the news cycle has shifted down a gear,…
The most notable foreign investments secured in 2024
Egypt secured investments from companies and investors across the globe
Gov’t and World Bank collaborate on building our FDI strategy until 2030. PLUS: Madinet Masr + ASEC Automation, Mountain View, Saudi Egyptian Developers, Sokna, e&
The complete strategy to be announced in “the coming months”
S&P maintains Egypt’s positive credit outlook and rating
Egypt’s long- and short-term sovereign credit rating still stands at B-/B
Egypt’s current account deficit quadruples in FY 2023-24
The deficit was driven by a significant increase in the trade deficit and a decline in Suez Canal revenues
Construction of new USD 30 mn Chinese chemical factory from Kemidi in Ain Sokhna kicks off
There are upwards of 160 Chinese companies in the SCZone, who have collectively invested around USD 2 bn
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