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Egypt’s general government gross debt to GDP ratio is expected to jump to 94 percent in 2022, up from 93.5 percent in 2021, before winding down to 89.6 percent in 2023 and then declining to 80.7…
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European Investment Bank (EIBt) met to discuss bilateral cooperation and ongoing projects   within the framework of Egypt’s presidency of the UN Conference of Parties on Climate Change (COP 27), which…
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The Egyptian government is keen on facilitating matters for investors and to overcome the obstacles they might face in order to expand their investments in the Egyptian market.
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Fawry for Banking Technology and Electronic Payments has reported consolidated net profits after tax of EGP 242.12 million in 2021, an 8.30% year-on-year (YoY) increase from EGP 223.56 million,…
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Palm Hills Developments has increased its 15.35% stake in the International Company for Leasing (Incolease) to 18.23%.
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The Russia-Ukraine conflict is having economic repercussions on Egypt including rising financial needs, an elevated rate of inflation, and limited fiscal space, the assistant director of monetary and…
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Emerging markets are expected to lose 30 percent of capital inflows, up from 20 percent projected in October, driven by the Russian war in Ukraine, the IMF announced
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The International Monetary Fund (IMF) has revised its projections for Egypt's real GDP growth in 2022 by 0.3 percent to reach 5.9 percent, up from 5.6 percent expected in January, before slowing down…
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“Expectations for Egyptian tourism in 2022 are not higher than last year,” Deputy Tourism Minister Ghada Shalaby told Bloomberg, while declining to provide estimates on arrivals or total tourism…
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A non-banking Sri Lankan financial institution, conglomerate LOLC Group has acquired 100% of First Microfinance in a transaction worth EGP 80.2 mn, First Microfinance CEO and Managing Director Ahmed…
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