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Egypt’s current account deficit jumps to $7.6 bln in 1H of FY2020/21, FDIs fell by 32.3%: CBE
External debt grew by 4.6 percent by the end of December 2020, reaching $129.2 billion compared to the end of FY2019/20, with an increase in debt services of $7.8 billion recorded in the 1H of FY2020/21, according to the CBE
Global economic recovery to improve debt service coverage ratios: Moody’s
The global economy is showing signs of recovery after a notable slowdown due to the pandemic, the report said
Egypt’s MSP discusses oil, natural gas sector investments with international partners
The platform aims to create interaction and integration between government entities, multilateral and bilateral development partners, private sector, and civil society to implement Egypt’s 2030 Vision
S&P affirms Egypt credit rating at B/B with stable outlook for third time since onset of pandemic
Minister of Planning and Economic Development Hala El-Said stated that S&P affirmation came on the back of the stability of Egypt’s macro-economy
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23 projects implemented in Egypt from 2014 to 2020 financed by EU: Al-Mashat
The EU’s funding for CBC MED amounts to € 208 million and benefits 14 countries, including Egypt
Egypt's PM Madbouly discusses cooperation with Bechtel’s Infrastructure global business president
Prime Minister Mostafa Madbouly discussed with Bechtel’s officials means of cooperation suggested by them, including cooperation in the sixth Metro line and managing new cities
Egypt supports Afreximbank’s efforts to provide coronavirus vaccines for African countries: Finance minister
The efforts will also contribute to pushing the economic growth forward and enhance African intra-trade, according to Maait
Minister Al-Mashat, USAID mission director discuss Egypt-US cooperation through 2025
During the meeting, Reed expressed her appreciation of the Egyptian government's efforts in pushing towards sustainable recovery
22 mln properties have been registered online in Egypt since January: Finance minister
84,000 citizens submitted their housing units statements to the Digital Egypt platform in March, according to Minister of Finance Mohamed Maait
Egypt’s latest US-dominated T-bills attract $988.5 mln
The T-bills were offered at an interest rate of 3 percent, up to 3.1 percent, with a weighted average interest rate of 3 percent, according to the CBE
Egypt, South Korea’s Hyundai Rotem sign MoU to locally manufacture metro cars
The Ministry of Transport witnessed on Wednesday the signing of a memorandum of understanding (MoU) for cooperation between ...
Egypt’s central bank maintains current key interest rates for third consecutive time in 2021
The MPC said that its decision is consistent with achieving the inflation target of 7 percent (±2 percentage points) on average in the fourth quarter of 2022 and price stability over the medium term.
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