Egypt receives €1B MFA tranche from EU: Al-Mashat
Egypt has received €1 billion in macro-financial assistance (MFA) from the European Union (EU), announced Minister of Planning and Economic Development and International Cooperation Rania Al-Mashat.
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Weekend Briefing: A Curated Look at the Week’s Top News
The second week of January brought a series of developments shaping Egypt’s economic landscape, led by a major enforcement move as the Central Bank of Egypt (CBE) imposed fines totaling EGP 1.143 billion on HSBC Egypt.
EGP steady as dollar trades near 47.3 at major banks
The USD traded at EGP 47.24 for buying and EGP 47.34 for selling at Banque Misr, the National Bank of Egypt (NBE), and the Commercial International Bank Egypt (CIB) on Thursday.
Madinet Masr, Elswedy Electric pen EGP 400M infrastructure deal for Sarai's Elan
Madinet Masr For Housing and Development (MASR) has signed a memorandum of understanding (MoU) with Elswedy Electric (SWDY) and its subsidiary Elswedy Electric Infrastructure to carry out advanced infrastructure works at the Elan project within the Sarai development in East Cairo.
Maersk resumes MECL service via Suez Canal
Maersk returned to the trans-Suez route for the MECL service, following improved stability in the Red Sea.
