• Thursday, 26 December 2019

    Egypt’s current account deficit narrows, FDI more than doubles in 1Q2019-2020

    Current account deficit narrows, FDI more than doubles in 1Q2019-2020: The current account deficit decreased 31% y-oy in the first quarter of the government’s new fiscal year to USD 1.382 bn from USD 2.012 bn the previous year, according to...
  • Tuesday, 24 December 2019

    Central Bank of Egypt’s USD 200 mn Africa export risk assurance company coming in 1Q2020

    CBE’s USD 200 mn Africa export risk assurance company coming in 1Q2020: The Central Bank of Egypt (CBE) is set to launch a USD 200 mn risk assurance company to protect exporters doing business in Africa in 1Q2020, CBE Advisor...
  • Thursday, 19 December 2019

    Madbouly, Italian business delegation talk trade and investment

    Madbouly meets Italian business delegation: Prime Minister Moustafa Madbouly and Supply Minister Ali El Moselhi yesterday met with a delegation from the Italian Confederation for Economic Development to talk trade and investment, a cabinet statement said. Italian companies expressed an...
  • Tuesday, 17 December 2019

    What we’re tracking on 17 December 2019

    It’s another reasonably quiet morning, raising our suspicions that we’re approaching the end-of-year news slowdown, but two stories stand out: The EGP is at a (near) three-year high against the USD. Good news, when you consider that we’re a nation...
  • Sunday, 15 December 2019

    Idku LNG plant reaches full export capacity for first time in six years

    The Idku liquefaction plant has reached its full export capacity of 1.1 bcf/d for the first time since 2013, a source at state gas company EGAS told the local press. Exports have surged from 300 mcf/d in October to 1...
  • Thursday, 12 December 2019

    UAE plans to double its investments in Egypt over the next five years

    INVESTMENT WATCH- The UAE plans to double investment in Egypt over the next five years: Jamal Al-Jarwan, secretary general of the UAE International Investors Council, said that the country aims to double its investments in Egypt from USD 7.2 bn...
  • Monday, 9 December 2019

    Expect the USD to stay strong through 2020

    Expect the USD to stay strong through 2020: The USD — currently at two-year highs against the currencies of the US’ major trading partners — is unlikely to weaken in 2020 as the Federal Reserve ends its easing cycle, global...
  • Wednesday, 4 December 2019

    What we’re tracking on 4 December 2019

    It’s the final day for retail investors look to subscribe to Rameda Pharma’s IPO: The penultimate day of Rameda’s retail offering closed 8.8x oversubscribed, with orders for 165.78 mn shares covering the 18.83 mn shares on offer, according to the...
  • Thursday, 28 November 2019

    Egypt mulls maintaining anti-dumping fees on Chinese synthetic fiber blankets

    The Trade and Industry Ministry is looking into keeping in place anti-dumping fees on synthetic fiber blankets imported from China, according to a ministry statement (pdf). Members of the Federation of Egyptian Industries have requested that the ministry refrain from...

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