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Egypt’s passenger car sales drop in April as covid lockdown measures bite
Passenger car sales dropped 26% y-o-y in April to 5,852 vehicles, according to figures from the Automotive Information Council (AMIC)…
EGP weakens to seven-month low against the greenback
EGP WATCH- EGP back where it was seven months ago against the greenback: The EGP is back to where it…
IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt
IMF gives initial nod to USD 5.2 bn in fresh funding to Egypt: The IMF reached a staff-level agreement to…
Gov’t to resume trade talks with Eurasian Economic Union
Gov’t to resume trade talks with Eurasian Economic Union: Trade and Industry Minister Nevine Gamea will soon resume expert-level trade…
Egypt’s gov’t to waive EGP 5.3 bn-worth of natgas arrears by factories
CABINET WATCH- Cabinet greenlights Oil Ministry proposal to waive EGP 5.3 bn-worth of natural gas arrears owed by factories: Struggling…
Financial advisor Prime Holdings to complete six transactions worth EGP 2.3 bn
M&A WATCH- Prime Holdings is working on six transactions worth up to EGP 2.3 bn, all of which it expects…
Egypt could be getting a piece of EUR 670 mn covid-19 regional support package from EIB
Egypt could be getting a piece of EUR 670 mn worth of covid-19 support from EIB: The European Investment Bank…
EGP dips to 16.03 against the greenback
EGP WATCH- USD continues to rally: The EGP lost 11 piasters against the greenback yesterday to reach EGP 16.03 against…
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