FGY TEAM 314 posts 0 comments

The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi’s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian…
Read More...

Egypt's non-petroleum exports hiked by 20% during the first half (H1) of 2022 to reach $19.35 billion, compared with $16.16 billion in the same period in 2021.
Read More...

Egypt's exports of chemicals rose by 35% in the first half (H1) of 2022, hitting $4.33 billion, compared to $3.21 billion in the same period in 2021.
Read More...

FocusEconomics panelists project that Egypt’s GDP will expand 4.5% in fiscal year (FY) 2022/23, which is down 0.2% from last month’s forecast, expecting that it will reach 5.2% in FY 2024.
Read More...

Nevine Gamea — Head of the Central Microfinance Sector at the Micro, Small, and Medium Enterprise Development Authority (MSMEDA) — revealed that the agency pumped EGP 2bn in funds for micro-projects…
Read More...

Egypt’s current account deficit remained almost unchanged, recording $13.6bn in the first three quarters (July/March) of fiscal year (FY) 2021/22, despite the increase of $3bn in the trade balance…
Read More...

The National Bank of Kuwait – Egypt (NBK Egypt) has secured a $40 million loan from the European Bank for Reconstruction and Development (EBRD) to be on lent to eligible micro, small and medium-sized…
Read More...

Saudi Arabia’s Public Investment Fund (PIF) will launch a new company in Egypt to invest in the promising sectors worth $10 billion (EGP194 billion), a statement by the fund said
Read More...

Egypt’s international reserves went down by 0.69% or $232 million on a monthly basis in July 2022.
Read More...

Africa has been losing from 5 to 15 percent of its GDP per capita growth due to climate change and its impacts, according to the Acting Chief Economist and Vice President of the African Development…
Read More...