The European Commission has disbursed €1.5 billion to Egypt under its Macro-Financial Assistance (MFA) initiative, reaffirming the EU's commitment to supporting the country’s economic reform and long-...
The fourth week of July closed with several notable economic developments. Egyptian authorities said preliminary investigations indicated that a drone caused the July 29 fire aboard two ships at Damietta Port. Meanwhile, the European Commission approved the disbursement of €1.5 billion to Egypt, marking the second payment under the second tranche of its Macro-Financial Assistance (MFA) package.
The exchange rate between USD and EGP went up during Thursday’s mid-session, July 30.
Hassan Allam Holding has signed a SAR 2.7 billion contract for the development of the Waldorf Astoria Hotel, Residences, & Mixed-Use Super Block in Diriyah, Saudi Arabia
General Motors Egypt welcomed the Egyptian government’s announcement that the country will accept U.S. Federal Motor Vehicle Standards (FMVSS)
