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EIB to support infrastructure projects with EUR 123 mn in financing
EIB to provide EUR 123 mn to finance infrastructure projects: The Egyptian government has signed three financing agreements worth EUR…
Egypt signs USD 43 mn gas exploration agreement with Wintershall Dea
Egypt signs USD 43 mn gas exploration agreement with Wintershall Dea: Oil Minister Tarek El Molla signed a USD 43…
EBRD, NBE want a piece of Raya’s Aman Holding
M&A WATCH- EBRD, NBE want a piece of Raya’s Aman Holding: The European Bank of Reconstruction and Development and the…
Egypt’s gov’t records budget deficit of 3.8% in 1H2019-20- report
BUDGET WATCH- Gov’t records budget deficit of 3.8% in 1H2019-2020: The Finance Ministry’s semi-annual fiscal performance report showed a budget…
Central Bank of Egypt waives EGP 48.5 bn-worth of debt, interest payments for factories
The Central Bank of Egypt (CBE) has waived EGP 48.5 bn-worth of debt and interest payments for struggling factories and…
Egypt may exempt state-affiliated, strategic factories from property tax
EXCLUSIVE- Gov’t mulling whether to give property tax exemptions to state-affiliated factories and private-sector companies in a handful of “strategic”…
EGP surges to new three-year highs against the greenback
CURRENCY WATCH- EGP surges to new three-year highs against the greenback: The EGP rallied yesterday to its highest value against…
Annual inflation rises marginally to 7.2% in January
Annual urban inflation rose (ever so slightly) for the third consecutive month in January, inching up to 7.2% from 7.1%…
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