Round-up of Top 10 Headlines in July's 1st week
Updated 7/5/2024 9:00:00 AMArab Finance: From sealing €49 billion deals with the European Union (EU) to the new cabinet taking oath before President Abdel Fattah El-Sisi, the four working days from July 1st to 4th have been ablaze with news stories that have dominated the Egyptian landscape.
The following is a rundown of the top 10 news stories of the week.
Egypt has signed a total of 29 agreements and memoranda of understanding (MoUs) worth €49 billion with the companies affiliated with the European Union (EU) during the Egypt-EU Investment Conference.
The new Egyptian government was sworn in before President Abdel Fattah El-Sisi at the Ittihadiya Palace, marking a significant reshuffle aimed at steering the country through its next phase of development.
Egypt has appointed new governors across several of its governorates.
Egyptian non-oil companies have reported a notable increase in sales volumes during June, the first growth reported since August 2021.
President Abdel Fattah El-Sisi has appointed key assistants to bolster the presidential administration.
Egypt has recorded tourism revenues estimated at $6.6 billion in the first half (H1) of 2024, slightly up from $6.3 billion in the same period last year.
The General Authority of Investment and Free Zones (GAFI) has issued a total of 31 golden licenses so far to foreign and local investors since December 2022.
Al Ahly Sabbour is planning for an initial public offering (IPO) on the Egyptian Exchange (EGX) within six to nine months.
Act Financial has increased its stake in Ezz Steel to 1.305% from 1.235%.
The Sovereign Fund of Egypt (TSFE) has signed a shareholder’s agreement with CIRA Education’s subsidiary Al Ahly CIRA for Educational Services and Education Support and Development Authority to set up a joint venture (JV) to develop four new international university models in Egypt.
