Egypt has just completed a $20 billion financing deal, of which $8 billion will come from the International Monetary Fund (IMF) and $12 billion from the European Union and The World Bank. Prime Minister Madbouly emphasized the aim to increase […]
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:
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 […]