Akash Sangshetti

Amanora Chambers, Magarpatta Road

411028 Pune

India

Egypt and China sign 1st phase of debt-for-development swap program

Egypt swaps part of the $8 billion owed to China into financing for health, transport, energy, education, boosting growth, and reducing FX strain.

Egypt and China sign 3 MoUs on yuan swap, UnionPay integration, and fintech collaboration, boosting local-currency trade and payments.

El‑Sewedy teams with Turkey’s Bony Textile on a $100M factory in 10th of Ramadan, creating 2,500 jobs and boosting textile exports.

CBE keeps deposit at 24% and lending at 25%, pausing rate cuts amid cooling inflation and steady GDP growth.

Egypt and China’s central banks sign MoUs to promote yuan use, enhance payment systems, and facilitate local currency settlements.

Events

LED Middle East EXPO 14.08.2025

Pharmaconex 01.09.2025

Egypt Projects 06.09.2025

Metal Steel Middle East 06.09.2025

HACE 07.09.2025

Paper Middle East 09.09.2025

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