Egypt Hikes Interest Rates By 300 Basis Points as Pressure Builds on Pound
Cairo December 23 2022: Egypt hiked interest rates by 300 basis points, the most since 2016, seeking to tackle surging ...
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Tag: Egypt
Egypt Discovers Large Gas Field In Mediterranean, Minister Says
Cairo December 19 2022: Egypt has discovered a large gas field in the Nargis block in the eastern Mediterranean, Petroleum ...
IMF Executive Board Approves $3 Billion Extended Arrangement for Egypt
Washington DC December 17 2022: The Executive Board of the International Monetary Fund (IMF) approved a 46-month arrangement under the ...
Egypt’s Core Inflation Rises To 21.5% In November
Cairo December 8 2022: Egypt's core inflation rose to 21.5% year on year in November from 19.0% in October, the ...
Saudi Arabia Extend Term of $5 Billion Deposit for Central Bank of Egypt
Riyadh November 29 2022: In extension of deep-rooted historical ties and close cooperation aspects between the Kingdom of Saudi Arabia ...
Egyptian LNG exports will exceed 8 million tonnes in 2022: Minister
Cairo November 28 2022: Egyptian exports of liquefied natural gas (LNG) will exceed eight million tonnes in 2022, up 14 ...
Egypt to Start Building $11 Billion Wind Farm From 2024
Cairo November 20 2022: The construction of one of the world’s largest wind farms in Egypt is set to start ...
Egypt Seeks Up to $6 Billion by June From Sale of State Firms
Cairo September 26 2022: Egypt aims to raise as much as $6 billion before the middle of next year by ...
Egypt Devaluation Risk, IMF Wait Are Dealbreakers to Bond Buyers
Cairo September 3 2022: Egypt’s struggle to win back investors to local debt is adding urgency for the government to ...
Egypt’s Central Bank Governor Amer Resigns One Day Before Interest Rate Meeting
Cairo August 17 2022: Egyptian central bank Governor Tarek Amer resigned, a shock decision one day before an interest-rate meeting ...
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