Business

Moody’s upgrades Egypt’s rating to B2

Moody’s upgrades Egypt’s rating to B2

Moody’s upgraded Egypt’s rating to B2 with a stable outlook, expecting financial and economic reforms to cause gradual and steady…
EFSA to increase market capitalization to LE1.6 trillion: Chairman

EFSA to increase market capitalization to LE1.6 trillion: Chairman

The Egyptian Financial Supervisory Authority (EFSA) strategy until 2022 aims to raise the number of listed companies to 275 and…
Egypt’s PM meets Kuwaiti companies, discusses increasing investments

Egypt’s PM meets Kuwaiti companies, discusses increasing investments

Egypt’s Prime Minister Mostafa Madbouly met with the executive manager of the Kuwaiti group M.A. Kharafi & Sons and telecommunications…
Egypt receives second shipment of Iraqi crude oil

Egypt receives second shipment of Iraqi crude oil

Egypt has received the second shipment of crude oil from Iraq after renewing the supply contract with Iraqi national company…
Egypt to sell stake in Banque du Caire by end of year: CBE Governor

Egypt to sell stake in Banque du Caire by end of year: CBE Governor

Central Bank of Egypt Governor Tarek Amer officially revealed plans to sell a stake in Banque du Caire, one of…
Egypt’s Cabinet denies economic crisis caused by IMF conditions

Egypt’s Cabinet denies economic crisis caused by IMF conditions

The Egyptian Cabinet’s media center denied rumors on social media that Egypt is undergoing a severe economic crisis thanks to…
Egypt imposes temporary protection fees on iron imports

Egypt imposes temporary protection fees on iron imports

The Egyptian Finance Ministry said on Monday that it has begun collecting temporary protection fees on Egypt’s steel imports in…
Alexandria’s transport authority to receive 14 electric buses on May

Alexandria’s transport authority to receive 14 electric buses on May

The Public Transport Authority of Alexandria is preparing to receive 14 electric buses in mid-May, to be supplied by the…
Egypt sets plan set to reduce public debt-to-GDP: Minister

Egypt sets plan set to reduce public debt-to-GDP: Minister

Egypt’s Minister of Finance Mohammed Maait said that the government has been working on reducing the public debt-to-Growth Domestic Product…
World Bank’s newest President looks forward to working with Sisi

World Bank’s newest President looks forward to working with Sisi

The newest President of the World Bank Group, David Malpass, announced that he is looking forward to working with President…
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