Egypt

Economy

Egypt bourse’s market cap rises $2.7bn in August despite monetary tightening

Follow-ups -eshrag News: RIYADH: Egypt’s stock exchange saw its market cap rise by a record 51.8 billion Egyptian pounds ($2.7…

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Economy

Egypt issues first Islamic micro-financing license

Follow-ups -eshrag News: Oil Updates — Crude prices continue to decline; Gazprom’s production reaches pre-COVID level RIYADH: Oil prices continued…

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Economy

Egypt In-Focus — Economy expands by 6.6%; country plans to import renewable energy storage batteries

Follow-ups -eshrag News: ABU DHABI: Etihad Airways has committed to plant a mangrove tree on behalf of every customer who…

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Economy

Egypt In-Focus — Financing agreement with IMF likely soon; Cairo buys 240K tons of Russian wheat 

Follow-ups -eshrag News: Macro Snapshot — Canada’s National Bank beats quarterly profit expectations; Brazil’s consumer prices fall on lower transportation…

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Economy

Egypt Aluminum confirms capital raise plans amid PIF investment rumors

Follow-ups -eshrag News: RIYADH: Climate change misconceptions are leading investors to turn away from the oil sector in what is…

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Economy

UAE investments in Egypt rise by more than 169% in 6 months

Follow-ups -eshrag News: RIYADH: The Middle East registered an average total data breach cost of $7.45 million between March 2021 and…

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Economy

Egypt In-Focus — Central bank reluctant to hike interest rates; beverage industry by 30%

Follow-ups -eshrag News: Wed, 2022-08-17 16:55 CAIRO: Despite pressure from investors, Egypt’s central bank is hesitant to raise interest rates, reported…

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Economy

Egypt In-Focus: Foreign debt repayments reach $20bn; five more commodities added to ration cards 

Follow-ups -eshrag News: DUBAI: The Department of Planning and Development in Dubai, Trakhees, completed approximately 16,000 transactions through its Licencing…

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Economy

Egypt In-focus: Unemployment rate remains unchanged in Q2, Saudi firm signs MoU with Egyptian online grocery store

Follow-ups -eshrag News: Crypto Moves — Bitcoin and Ethereum fluctuate; Dubai’s Nexus project obtains first crypto license RIYADH: Bitcoin, the leading cryptocurrency…

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Economy

Egypt plans to issue $6bn in international bonds

Follow-ups -eshrag News: At an industry event this year in Riyadh, the Saudi energy minister paused at about 9 p.m.…

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