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Foreign reserves fall for second consecutive month in April
Foreign reserves fell in April for the second consecutive month as the central bank honored repatriation requests from foreign investors,…
Egypt has deployed just EGP 40 bn of funding from the EGP 100 bn stimulus and bailout funding, Maait says
The government has deployed just EGP 40 bn of the EGP 100 bn earmarked by the government to protect the…
Earnings Watch- OIH reports net losses of EGP 418 mn in 2019
EARNINGS WATCH- Orascom Investment Holding (OIH) reported a net loss of EGP 418 mn in 2019, compared to a net…
Export Subsidy Fund signs 41 new pacts to dole out subsidy arrears
The Export Subsidy Fund signed 41 new agreements to dish out subsidy arrears to exporters, according to a statementfrom the…
Oil prices could hit USD 100/bbl in 18 months on post-corona rebound -Naguib
Oil prices could hit USD 100/bbl in 18 months on post-corona rebound -Naguib: Global oil prices could hit USD 100/bbl…
Egypt’s foreign debt reaches USD 112.6 bn in 2Q2019-20
DEBT WATCH- Egypt’s total external debt rose 16% y-o-y in 2Q2019-2020 to USD 112.6 bn from USD 96.6 bn the…
Uber cuts 40% of Egypt staff amid global job cutback
Uber cuts 40% of Egypt staff as it slashes its global workforce: Uber has laid off 40% of its Egypt-based…
SFE, Concord sign agreement on USD 300 mn healthcare fund
INVESTMENT WATCH- Egypt’s sovereign wealth fund sets up USD 300 mn healthcare fund JV with Concord: The Sovereign Fund of…
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