}

Egypt cabinet OKs dredging firm for SCA, approves ICT, health-tech agreements

Egypt’s Cabinet has approved authorizing the Suez Canal Authority (SCA) to establish a new Egyptian joint-stock company, under the name “Suez Canal Dredging and Marine Works Company,” in partnership with a private sector firm specializing in public procurement and contracting.

USD/EGP rates jump at Egyptian banks on April 23rd

The USD strengthened against the EGP on Thursday, April 23rd, recording EGP 52.57 for purchase and EGP 52.67 for sale at Banque Misr and the National Bank of Egypt (NBE).

What is your expectation for the US Federal Reserves’ next meeting to revise interest rates?