The net foreign assets (NFAs) of Egypt’s banking sector hit $31.2 billion in August 2026, marking the highest level recorded since January 2020, according to the Central Bank of Egypt (CBE) data.
The Egyptian Exchange (EGX) ended Thursday’s trading session in the green zone, as the EGX30 index rose by 2.24% to 53,055.03 points.
The USD jumped on Thursday, October 1, exceeding the EGP 52 mark at local banks.
PRE Group has launched Collage, serviced apartments within its Ivoire East project in New Cairo, in partnership with hospitality and hotel management company Lemon Spaces.
Timsah Shipbuilding Company, an affiliate of the Suez Canal Authority (SCA), is considering establishing a specialized company for ports and marine construction in Kenya through a partnership with Kenyan firm Tunasco
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