Cairo – Mubasher: Egypt's construction industry, the largest in Africa and third largest in the MENA region, is projected to grow at a compound annual growth rate (CAGR) of more than 8% until 2029, according to JLL’s construction market …
Cairo – Mubasher: Sales volumes at Egyptian non-oil companies increased for the first time in nearly 34 months in June 2024, ending declines since August 2021. The uplift followed signs of stabilising economic conditions as policy supported easing …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 75 billion through two issues on Thursday, 4 July. Holding a tenor of 182 days until 7 January 2025, the first issue was valued at EGP 30 …
Cairo – Mubasher: The Central Bank of Egypt (CBE) has collected liquidity amounting to EGP 1.08 trillion through its open market operations on Tuesday. The monetary authority had issued new rules for its main open market operations, switching from …
Cairo – Mubasher: Egypt’s new government was reportedly unveiled, on 3 July, under the leadership of Prime Minister, Mostafa Madbouly. Extra News channel revealed the names of the entire new ministerial formation, which was approved by President …
Cairo – Mubasher: TAQA Arabia and Voltalia have signed a framework agreement with the Egyptian government for the production of green ammonia, with a total investment that could reach up to $3.40 billion. The project will be carried out in two …
Cairo – Mubasher: Egypt achieved a foreign asset surplus for the first time since January 2022, marking a 28-month milestone, in May 2024. Egypt reported a foreign asset surplus of EGP 676.40 billion ($14.03 billion) in May 2024, compared to a …
Cairo – Mubasher: Egypt’s external debt declined by 4.40%, or $7.43 billion, to $168.03 billion in the first quarter (Q1) of 2024 from $160.60 billion in the fourth quarter (Q4) of 2023. The current level is the lowest since July 2022, according …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a combined value of EGP 8 billion through two auctions on Monday, 1 July. The first tranche stood at EGP 2 billion and will mature in two years on 2 July 2026, …
Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) and Orascom Construction have signed an agreement with Norway’s Scatec and UAE-based Chemical industry company Fertiglobe to launch a green hydrogen project in at the port of Sokhna with a …
Cairo – Mubasher: The Egyptian Red Sea Ports Authority (RSPA) and the New and Renewable Energy Authority (NREA) have signed an agreement with a consortium of France’s EDF Renewable and the Egyptian-Emirati company to produce green hydrogen and …
Cairo – Mubasher: The General Authority for the Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), and East Port Said Development Company, have signed a feasibility study agreement with Volkswagen Africa for automobile …
Cairo - Mubasher: Egypt’s New and Renewable Energy Authority (NREA) and the Alexandria Port Authority has signed an agreement with Belgium’s DEME HYPORT Energy for a major green hydrogen and ammonia production project in Gargoub, west of Matrouh. …
Cairo - Mubasher: The Egyptian government is set to postpone increasing electricity prices from July 2024 to September, Asharq Business cited an official source, who preferred to remain anonymous. The source stated that the decision was made in …
Cairo – Mubasher: The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a framework agreement with Chinese chemicals manufacturer Befar Group to build the Green Marine project. Green Marine will be a chemicals manufacturing …
Mubasher: The asset management industry in the GCC has significantly improved due to positive regulatory reforms and government support, according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre (MARKAZ). Over the …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at an aggregated value of EGP 60 billion through two auctions on Thursday, 27 June. The first issue was valued at EGP 40 billion and will mature in 91 days on 1 …
Cairo – Mubasher: The Egyptian government’s decision to close shops at 10 PM starting next month offers numerous economic benefits, Al-Ahram Gate cited Matta Bishai, Head of the Internal Trade Committee of the Importers Division at the Federation …
Cairo – Mubasher: Egypt’s Prime Minister Mostafa Madbouly outlined government efforts to prevent further outages following blackouts caused by surging demand. Madbouly highlighted the coordination among the ministries of electricity, petroleum, …
Cairo – Mubasher: Egypt’s Ministry of Labour has announced that 30 June 2024, will be an official holiday for private sector workers. The leave applies to those covered by the Labour Law, according to an official statement. Earlier in June, the …
Cairo – Mubasher: The Egyptian government announced 30 June 2024 a paid public holiday to commemorate the anniversary of the 30 June Revolution. The decision applies to all government ministries, departments and bodies, as well as local …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 55 billion through two issues on Monday, 24 June. With a value of EGP 30 billion, the first tranche will mature in 91 days on 24 …
Cairo - Mubasher: The value of Egypt's electronic payment and collection services reached EGP 2.50 trillion in the first 11 months (11M) of the fiscal year (FY) 2023/2024, up from EGP 2.10 trillion in the same period a year earlier, said Minister …
Cairo – Mubasher: The volume of trade exchange between Egypt and the G7 countries fell around 17% year-on-year (YoY) to $26 billion during 2023 from $31.30 billion in 2022. The value of Egyptian exports to the G7 countries reached $8.60 billion …
Cairo – Mubasher: Egyptian Prime Minister Mostafa Madbouly chaired a crisis meeting on the deaths of Egyptian pilgrims in Saudi Arabia. Madbouly expressed condolences and said the meeting, mandated by President Abdel Fattah El-Sisi, aims to …
