Bloomberg

Devaluation of Egyptian pound may be postponed for two months: Citigroup
Main Slider

Devaluation of Egyptian pound may be postponed for two months: Citigroup

Expectations about a new official devaluation of the Egyptian pound before the end of the current fiscal year have declined,…
Egypt needs to depreciate its currency again: Bloomberg
Business

Egypt needs to depreciate its currency again: Bloomberg

Bloomberg news agency reported that the increasing pressure on the Egyptian economy has led the largest banks in the world…
India is in talks to export wheat to Egypt
Business

India is in talks to export wheat to Egypt

The Bloomberg Agency revealed that India is in final talks to start exporting wheat to Egypt, the world’s largest importer,…
Egypt in talks with IMF about new loan: Bloomberg
Business

Egypt in talks with IMF about new loan: Bloomberg

Bloomberg reported in urgent news, Thursday, that Egypt is in talks with the International Monetary Fund about possible support that…
Oil rally to continue in 2022 as demand outstrips supply, analysts say
Middle East

Oil rally to continue in 2022 as demand outstrips supply, analysts say

LONDON, Jan 12 (Reuters) – Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts…
Egypt will soon be one of world’s top ten gas exporters: Bloomberg
Egypt

Egypt will soon be one of world’s top ten gas exporters: Bloomberg

Egypt is on its way to becoming one of the world’s top ten natural gas exporters, Bloomberg news agency reported.…
Saudi Telecom negotiates reducing possible Vodafone stake to below 55%
Business

Saudi Telecom negotiates reducing possible Vodafone stake to below 55%

The Saudi Telecom Company is negotiating with Vodafone International to reduce the value of the offer it submitted to buy…
Bloomberg highlights Cairo, GEM in “Where to Go in 2020” list
Life & Style

Bloomberg highlights Cairo, GEM in “Where to Go in 2020” list

Bloomberg has listed Cairo among 24 travel destinations around the world in its “Where to Go in 2020” list, with…
Company profits in Egypt surge to pre-pound flotation rates: Bloomberg
Business

Company profits in Egypt surge to pre-pound flotation rates: Bloomberg

Profits recorded by Egyptian companies have returned to pre-November 2016 rates, when the Egyptian pound was floated, according to a…
Egypt’s deposit and lending interest rates declines by 1.5 percent: Report
Business

Egypt’s deposit and lending interest rates declines by 1.5 percent: Report

The Cabinet’s Media Center highlighted an infographic report on Sunday showing that the Central Bank of Egypt (CBE) has reduced…
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