The International Finance Corporation (IFC) announced a $150 million financing package for Egypt’s Commercial International Bank (CIB) on Sunday. This move aims to strengthen CIB’s capital base and enhance …
Economy
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Egypt’s Minister of Planning, Rania Al-Mashat, met with a European Union delegation to discuss the implementation of a €1.8 billion investment guarantee offered through the European Fund for Sustainable Development …
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International Monetary Fund (IMF) mission, led by Ivanna Vladkova Hollar, concluded in-person discussions with Egyptian authorities in Cairo on November 20. The talks centered on the fourth review under the …
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The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, is currently in Egypt to discuss the ongoing economic reform program and explore ways to further support the country. …
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Fitch Ratings’ recently upgraded Egypt’s long-term foreign-currency Issuer Default Rating (IDR) to ‘B’ with a stable outlook. This decision was primarily driven by a significant boost in foreign exchange reserves, …
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Prime Minister, Mostafa Madbouly, represents President Abdel-Fattah El-Sisi at the eighth edition of the Future Investment Initiative (FII), under the theme “Infinite Horizons: Investing Today, Shaping Tomorrow”. Kicking off yesterday …
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Egypt’s trade relations with Algeria have seen significant growth in recent months. According to data from the Central Agency for Public Mobilization and Statistics (CAPMAS), Egyptian exports to Algeria surged …
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Economy
Egypt’s Finance Min. Optimistic Ahead of IMF Mission’s Visit to Review Egypt’s Economic Reforms
Egypt’s Finance Minister, Ahmed Kouchouk, expressed optimism about constructive discussions during the upcoming visit from the International Monetary Fund (IMF) mission, which will conduct the “fourth review” of Egypt’s economic …
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Egypt has witnessed a significant surge in trade with BRICS nations during the first eight months of 2024. According to data released by the Central Agency for Public Mobilization and …
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United Bank of Egypt (UBE) will embark on a significant privatization move by listing 30% of its shares on the Egyptian Exchange (EGX). This strategic initiative is expected to be …
