The Central Bank of Egypt (CBE) has announced the establishment of the Banking Reform and Development Fund and the formation of its board of directors for a four-year term.
S&P Global Ratings has upgraded Egypt’s long-term sovereign credit rating to ‘B’ from 'B-', while Fitch Ratings affirmed its ‘B’ rating; both with a ‘stable’ outlook.
The Central Bank of Egypt (CBE) has announced the establishment of the Banking Reform and Development Fund and the formation of its board of directors for a four-year term.
The Executive Board of the United Nations Educational, Scientific and Cultural Organization (UNESCO) has overwhelmingly elected Egypt’s candidate, Khaled El-Enany, as the organization’s new Director-General, as per a statement.
UAE-based Gulftainer aims to invest $1 billion in Egypt in container terminal management and port logistics services, the Egyptian Commercial Service (ECS) announced.