Egypt
Egypt: Egypt Pays $24 Bln on Debt, Foreign Investors Exit
Egypt paid $24 billion in the first five months of 2022 to service foreign debts and to cover foreign investors withdrawing funds from ...
Egypt
Egypt: World Bank raises its forecast for Egypt’s economic growth to 6.1% in 2022
The World Bank raised its forecast for the growth of the Egyptian economy during 2022 to 6.1 percent, compared to 5.9 percent in ...
Egypt
Egypt: Telecom Egypt and Etisalat Misr sign $900 million commercial deals
Operators Telecom Egypt and Etisalat Misr have announced the signing of six new commercial and strategic agreements worth a staggering EGP 17bn ($911 ...
Egypt
Egypt: Egypt’s net foreign reserves record $35.5B in May
Egypt’s net foreign reserves decreased $1.63 billion during May, the Central Bank of Egypt (CBE) announced Monday. The net foreign currency reserves reached ...
Egypt
Egypt: Egyptian B2B eCommerce Shipper ShipBlu Partners With Location Tech Provider What3words
Egyptian eCommerce shipping company ShipBlu is partnering with what3words, a location technology company, to help ensure shipping accuracy and efficiency, the companies announced in a ...
Egypt
Egypt: All EGX indices up, benchmark increases 0.4%
The Egyptian Exchange (EGX) indices went up collectively at the close of Tuesday’s trading. The market capital gained some LE 2.3 billion, registering ...
Egypt
Egypt: Telecom Egypt achieves 12% revenue growth in Q1 2022
Telecom Egypt has announced strong Q1 2022 results for the period ending 31 March 2022 with consolidated revenue growing 12% YoY landing at EGP ...
Egypt
Egypt Faces Debt Risks over High Non-Resident Outflows
The rising exit of foreign investors poses a major risk to the Egyptian debt service payment on the back of low external reserves ...
Egypt
Egypt: Egypt’s central bank raises interest rates 200bps during May
The Monetary Policy Committee (MPC) decided, Tuesday to raise the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the ...
Egypt
Egypt: Egyptian startup Doxx raises $1.5M in seed round
The Egyptian start-Up Doxx raised $1.5 million in seed round, with expansions to close the cycle of patients’ needs, while continuing to be ...
