The Egyptian government said Tuesday that it had inked a series of deals to sell off $1.9 billion worth of stakes in state-owned companies, in a move that promises to bolster Egypt’s ailing private sector. [ More … ]
Egypt, sapped dry of dollars despite a $3 billion International Monetary Fund bailout loan, is now seeking to boost its coffers by selling state assets to wealthy Gulf nations, according to AFP. Experts say the [ More … ]
As the north African country is seeking financial aid from IMF and regional allies and Arab Gulf countries, this sale of ‘sukuk’ would be Egypt’s first foreign bond since March 2022. Egypt is now considering [ More … ]
Professor of Applied Economics at Johns Hokings University says Egypt’s inflation is estimated at a stunning 85% a year, unlike much lower official inflation rates. Acoording to a press release on January 10th. by the [ More … ]
Many were surprised by the news of the sale of the duo Farida and Yasmine Mohamed Farid Khamis, their share in the prestigious Oriental Weavers Company to a company, in an official statement on December [ More … ]
The Egyptian Parliament has approved a draft law amending some articles of Law 30 of 1975 on the Suez Canal Authority. The amendment aims at establishing a fund belonging to the Suez Canal Authority and [ More … ]
Despite documented evidence that Egypt’s army has used fighter jets in carrying out human rights abuses, the head of U.S. Central Command, has announced that the Biden administration has agreed to provide Egypt with F-15 [ More … ]
The Central Bank of Egypt (CBE) has announced it sold $1 billion in one-year dollar-denominated Treasury bills with an average yield of 2.995%. The Central Bank of Egypt, on behalf of the Ministry of Finance, [ More … ]
The United Arab Emirates (UAE) has taken part in selling properties in East Jerusalem, the Palestinian website Al-Qastal reported on Thursday. “The UAE is involved in selling three properties to settlers in Batn al-Hawa neighborhood in the [ More … ]
The Covid-19 pandemic has dramatically hit global demand for oil this year, leaving the company’s debt levels spiralling Saudi Aramco is to sell billions of dollars in international bonds in a bid to bolster its [ More … ]
Turkish President Recep Tayyip Erdogan protects his nation’s interests while his French counterpart Emmanuel Macron “sells out France”, Prominent French philosopher Michel Onfray told The Independent Turkish in an interview published Thursday. Speaking to The [ More … ]
Tunisia is likely to sell stakes in three state-owned banks this year and cut up to 10,000 public sector jobs as part of reforms demanded by the International Monetary Fund (IMF), which has postponed the [ More … ]
By: Amer Abdel Moneim* Does it make sense that a government, anywhere in the world, decides to sell the heart of the capital to foreigners without reference to anyone? Is it logical to transfer [ More … ]
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