#Egypt
Speaking at the 19th EFG Hermes One-on-One Investor Conference in Dubai, Awad said global investor sentiment had been shaken by rising uncertainty
By leveraging a proprietary AI-driven credit scoring model that incorporates alternative data, ADVA has successfully underwritten first-time borrowers
In line with the listing plans, EFG Holding will distribute shares in Valu, equivalent to a 20.488 per cent stake in the company, to its shareholders based on the book value of the shares
The project’s strategic location near iconic landmarks is expected to attract visitors from around the world, creating new investment opportunities and driving sustainable growth in Egypt’s tourism sector
AD Ports Group will collaborate with HCMLT to explore the development, management, and operation of a 1.1 square kilometre integrated logistics area at Alexandria Port
The country has been using net foreign assets to help prop up its currency since as long ago as September 2021
The North African country is targeting about $3bn in the remainder of the current fiscal year, which runs until the end of June
Egypt, grappling with high inflation and shortages of foreign currency, agreed to the $8bn, 46-month facility in March
The Noatum Ports – Safaga Terminal project is expected to play a pivotal role in Egypt’s maritime infrastructure development
Arcius Energy will focus on natural gas growth to meet growing regional demand while supporting Egyptian energy security and economic development
Egypt’s new 500 megawatt plant will power 300,000 households and offset 782,300 tonnes of CO2 emissions
Chevron will keep a 40 per cent share in the concession agreement for the North El-Dabaa block following the deal
The zone has been setting itself up as a centre for green fuels, including green hydrogen, green ammonia and green methanol
The two entities are collaborating to build a network of community retail outlets, including hypermarkets, supermarkets, and other retail stores
Analysts had expected an announcement of fresh Saudi investment into Egypt, but bin Salman left without announcing any firm commitments
Egypt’s prime minister said last month that Saudi Arabia was planning to invest $5bn in Egyp
The country’s core inflation slowed to an annual 25 per cent from 25.1 per cent in August
The Ras El Hekma project is expected to drive significant economic growth, attracting $110bn in investment by 2045
Egypt has been seeking large-scale investments as it tries to overcome a long-running economic crisis that led to record inflation
From Egypt’s serene beaches to Switzerland’s snow-capped peaks, Orascom’s success lies in its ability to create spaces where people can truly live well
The projects will bring AMEA Power’s total capacity in Egypt to 2,000MW of solar and wind power, accompanied by 900MWh of battery energy storage systems
The renewable energy firm signed a US dollar-denominated 25-year PPA for a 1 GW solar power plant and 100 MW battery storage project
The additional funding will further boost Paymob’s efforts to expand its regional footprint and reinforce its position as a leading payments provider in the region
The ongoing conflict in Gaza has increased Washington’s dependence on Egypt for diplomatic mediation
The discussion focused on enhancing bilateral cooperation across economic, developmental and political spheres
The central bank said that the lending rate remained at 28.25 per cent, while the deposit rate stood at 27.25 per cent
The country’s domestic gas output plummeted to a six-year low in May, down around 25 per cent from its 2021 peak
The North African country has been using its net foreign assets to help prop up its currency since at least September 2021
Economists say central bank lending risks undermining the economy by expanding the money supply and fuelling inflation
Over 60 million people have access to discounted prices on staples such as pasta, vegetable oil and sugar through state-run outlets