Egypt’s economy has shown remarkable resilience amid global uncertainties, achieving a solid 3.5% growth in the first quarter of the 2024/25 fiscal year, a notable improvement from last year’s 2.7%.

Arab African International Bank acted as an underwriting bank and the custodian bank. Suez Canal Bank acted as an underwriting bank and the subscription bank for the transaction. Dreny & Partners ...

to deter the Houthis and halt the decline in Suez Canal revenues. The Egyptian Air Force is planning offensive actions ...

STORY Egypt real GDP growth recovers to 35 in Q1 FY2425SHOOTING TIME FileDATELINE Jan 1 2025LENGTH 000054LOCATION CairoCATEGORY ECONOMYSH ...

The project was brought about following the grounding of the Ever Given in 2021, which blocked the waterway for six days and ...

Dr. Mostafa Madbouly, Prime Minister, chaired the meeting of the economic ministerial group where a number of important ...

The total overall budget deficit decreased by EGP 92 billion (14.1 percent) to EGP 560.6 billion from July to November ...

The regime in Tehran has been humiliated by Israel over the past year. Proxies Hamas and Hezbollah are decimated. Israel’s ...

The bond is backed by a receivables portfolio assigned to EFG Hermes Securitization as the issuance’s special purpose vehicle ...

Egypt is also building tunnels across the Suez Canal to ferry its troops in what might be a surprise attack against Israel. Cairo has quadrupled its arms storage facilities along the canal, once again ...

Egypt's Suez Canal revenue has dropped significantly due to geopolitical tensions and Houthi attacks in the Red Sea, causing ...