In a busy week Egypt floated the pound, signed an enhanced IMF deal, and received the thumbs up from international financial institutions, reports Al-Ahram Weekly.
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The timing of the purchase of the development rights to Ras Al-Hekma on Egypt’s North Coast by the Abu Dhabi Sovereign Wealth Fund could not have been better for the economy.
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Recent statements about Egypt’s loan arrangements with the IMF have relieved many observers.
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How will the exclusion of Egyptian government bonds from the JP Morgan emerging market bond indices affect the country, asks Sherine Abdel-Razek
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Chairman of the Egyptian Stock Exchange Ahmed Al-Sheikh explains the reasons behind the bourse’s exceptional gains during 2023 and its ambitious plans for the year ahead to Sherine Abdel-Razek
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The government launched a myriad of social support initiatives in 2023 to ease the burden of Egyptian households.
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Sherine Abdel-Razek reports on developments that could improve foreign-currency flows to Egypt
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Important new developments are taking place every day on the economic scene in Egypt, writes Sherine Abdel-Razek
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The government is dealing with the repercussions of a decision to postpone any further devaluation of the pound, reports Sherine Abdel-Razek
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Egypt’s main stock index hit its highest ever level twice during the last three weeks, but this does not tell the whole story about the market’s performance.
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In the last few days developments on the privatisation and investment fronts came thick and fast.
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In spite of the economic, fiscal, and financial reforms that the country has embarked on since signing the loan deal with the International Monetary Fund (IMF) in October last year, Egypt is still muddling through a myriad of economic challenges.
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With five state-owned companies passing into private hands last week, a closer look is taken at the companies and their new owners.
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On Tuesday, Prime Minister Mustafa Madbouli announced that the government had divested stakes worth $1.9 billion in a handful of state-owned companies.
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Cairo and New Delhi join forces to bolster their roles regionally and internationally.
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The first quarter results of most Egyptian listed companies have been positive despite the current economic downturn.
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The business community is looking forward to the implementation of a new set of decisions by the Supreme Council for Investment.
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How has the present tough economic situation affected demand for real estate in the residential, commercial, and hospitality sectors?
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The government is selling stakes in 32 state-owned companies.
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