News

Fitch Ratings has affirmed Egypt's long-term foreign-currency issuer default rating (IDR) at B+ with a stable outlook, the credit rating agency announced on Thursday.
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Standard and Poor’s (S&P) has affirmed Egypt’s long and short-term foreign and local currency sovereign credit ratings at B/B, S&P announced on Saturday.
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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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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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Egypt plans to host the eighth annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB) in 2023, according to Finance Minister Mohamed Maait
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Egypt has allocated areas for green hydrogen production in the Suez Canal Economic Zone (SCZone), according to statements by Prime Minister Moustafa Madbouly on Sunday.
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The Medium, Small, and Micro Enterprises Development Agency (MSMEDA) is keen to encourage owners of projects operating in the informal sector to reconcile their status in order to ensure the stability…
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Schneider Electric developed EcoStruxure platform to support Egypt’s environmentally-friendly plans to transform Sharm El-Sheikh into a sustainable and green city.
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