Egypt hopes to receive in December the first tranche, worth $750 million, of the $3 billion loan from the International Monetary Fund (IMF).
The S&P Global Egypt Purchasing Managers’ Index (PMI) slid to 45.4 in November from 47.7 in October.
Egypt’s blue-chip index outperformed regional peers to close higher on Sunday, while Saudi and Qatari stocks slipped on weakness.
Egypt's national project to provide employment opportunities for young people contributed to establishing 207,000 business projects across the country
The billion-dollar loan will be repaid over 20 years, and Egypt will be granted a grace period of 10 and a quarter year.
The report said that this development may reflect a rebalancing of flows among host countries and regions.
The UAE-based fintech startup Qashio raised $10 million in a seed funding round using equity and non-equity investments.
The financing will further help support the economic growth programme by raising agricultural productivity and sustainability.
Receiving CBE’s preliminary approval to launch Takka reflects confidence in ADIB-Egypt and ADI-Consumer Finance’s compelling brand portfolio.
The Minister stressed that the Egyptian economy is diversified, and the business climate is attractive to increase domestic and foreign investments.
Gulf states have deposited at least $13 billion with Egypt's central bank to support its economy so far this year.
The Egyptian stock market has been doing healthy business since October’s devaluation, reports Sherine Abdel-Razek.
The global investor has joined up with Egyptian government to start programmes that will support about 200 start-ups and 60 accelerators.
El-Sisi instructed to continue conducting deep studies of the global economic situation and how it reflects on the Egyptian economy and development.
The deposits were due to mature in April 2022.
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
Egypt has taken great steps that qualify it to localize local industries and even attract foreign investments for manufacturing directly within it.
CBE launched its financial inclusion strategy for 2022-2025 that sets key objectives and priorities for creating financial inclusion in the country.
The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits.
NWFE aims to achieve sustainable, low-emission development, and enhance scientific research and technology transfers in the climate change field.