Moody’s maintains Egypt’s Caa1 rating with positive outlook
Moody’s Ratings has affirmed Egypt’s Caa1 long-term foreign and local currency issuer ratings while maintaining a positive outlook, citing progress in external and fiscal rebalancing.
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CBE keeps key interest rates unchanged
Updated 2/20/2025 7:06:00 PMChina's North Petroleum allocates $100M for Egypt oil, gas concessions
Updated 2/20/2025 2:59:00 PMMethanex Egypt, Petroleum Ministry strengthen partnership with new PSM MoU
Updated 2/20/2025 1:55:00 PMEnppi pens strategic partnership deal with Elsewedy Electric at EGYPES 2025
Updated 2/20/2025 1:36:00 PMPetroleum Ministry teams up with Anton Oilfield to utilize flare gases, expand renewable energy
Updated 2/20/2025 12:38:00 PMPetroleum Ministry, Huawei sign MoU on renewable energy cooperation
Updated 2/20/2025 12:05:00 PMCBE's expected rate cuts unlikely to dent Egyptian bank's NIMs: Fitch Ratings
Updated 2/20/2025 11:25:00 AMMOPCO, ThyssenKrupp Uhde sign $220M deal at EGYPES 2025
Updated 2/20/2025 10:53:00 AMEgypt seeks $3.5B in industrial investments for 2025
Updated 2/20/2025 10:08:00 AMUAE’s Agthia Group increases stake in Egypt’s Abu Auf to 80%
Updated 2/20/2025 9:43:00 AM
Investment Trends in Egyptian Startups in 2024
In this Factsheet, we will explore the ecosystem of startups in the MENA region in 2024, with a focus on the Egyptian startups' performance in terms of investments, deals, and more.
USD/EGP exchange rate holds steady above EGP 50
The US dollar rate against the Egyptian pound stood above the EGP 50 mark
ICID sees 346.7% hike in 2024 standalone profits
International Company for Investment and Development (ICID) logged 346.70% year-on-year (YoY) higher standalone net profits after tax at EGP 6.678 million in 2024
BIDDEX launches complete digital car marketplace in Egypt
BIDDEX, the first fully integrated digital platform for buying, selling, and trading cars in Egypt, will be launched within the coming days in the market.
