Egypt Introduces a Flexible Exchange Rate System

Egypt Introduces a Flexible Exchange Rate System

Egypt Just Introduced a Flexible Exchange Rate System! 📢 On the 6th of March 2024, the Central Bank of Egypt raised interest rates and adopted a market-driven exchange rate system. Key Points:

ADQ Project in Egypt

ADQ Project in Egypt

On 23 February 2024, ADQ (Abu Dhabi-based investment and holding company) announced a plan for investing $35 billion in Egypt, which is the biggest in Egypt’s history. Of this amount, $24 billion will be used to acquire development rights Ras […]