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Emirates NBD inks EGP 20B credit facility with El Sewedy Electric for regional expansion

Emirates NBD Group signed a credit facility agreement with Elsewedy Electric Company at a value exceeding EGP 20 billion

Updated 10/29/2025 12:44:00 PM
Fitch Solutions’ BMI raises Egypt’s GDP FY2025/26 growth forecast

Fitch Solutions’ research arm BMI has revised Egypt’s gross domestic product (GDP) growth forecast for fiscal year (FY) 2025/2026 at 5%, up from 4.7% previously projected in August, according to Enterprise News, citing Ramona Moubarak, Head of MENA Country Risk at Fitch Solutions.

Updated 10/26/2025 10:35:00 AM
El-Khatib highlights role of Egypt VC Summit in economic growth

Minister of Investment and Foreign Trade Hassan El-Khatib participated in the Egypt VC Summit 2025 held on February 4th and 5th, emphasizing the summit's crucial role in fostering stronger ties between investors and driving sustainable economic growth in Egypt and the broader region.

Updated 2/4/2025 12:33:00 PM
Egypt poised to buck emerging markets slowdown in 2025: Moody’s

The economic growth trajectory for Egypt, Saudi Arabia, and the UAE in 2025 is expected to diverge from the expected slowdown in most major emerging markets, a report by Moody’s Investors Service showed.

Updated 11/21/2024 8:24:00 AM
Investment Ministry probes ways to improve business climate, drive export growth

Minister of Investment and Foreign Trade Hassan El-Khatib met with the Chairman of the Federation of Egyptian Chambers of Commerce Ahmed El Wakil to discuss strategies for improving the business environment, enhancing exports, and attracting new investments.

Updated 9/5/2024 11:42:00 AM
Egypt's non-oil trade deficit falls 16% in H1

Egypt's non-oil trade deficit plunged by approximately 16% to $15.9 billion in the first half (H1) of 2024.

Updated 7/30/2024 9:50:00 AM
Egypt's construction sector to witness 8% CAGR until 2029: JLL

The construction sector in Egypt is expected to see a compounded annual growth rate (CAGR) of over 8% until 2029, according to the latest Egypt Construction Market Intelligence Report from JLL.

Updated 7/7/2024 6:36:00 AM
Bank of America predicts surge in EGP value soon

Bank of America sees that the exchange rate of the Egyptian pound is close to its fair value, expecting its value to rise in the short term on the back of cash flows from the UAE,

Updated 7/7/2024 6:36:00 AM
GAFI to launch new platform to ease procedures for startups, entrepreneurs

The General Authority for Investment and Free Zones (GAFI) will launch a platform tasked with streamlining procedures for entrepreneurs and emerging companies within a few days, Prime Minister Mostafa Madbouly announced.

Updated 5/19/2024 9:22:00 AM