Patrick Werr Editing News Today

Egyptian authorities have committed to stop sidestepping the finance ministry to borrow billions of dollars directly from the central bank, the International Monetary Fund said in a staff report... -April 23, 2024 at 01:30 pm EDT - MarketScreener

Egypts deficit in net foreign assets shrank by 217.1 billion Egyptian pounds in February, according to central bank data, after a $5 billion payment from the sale of development rights to prime... -April 01, 2024 at 03:54 pm EDT - MarketScreener

CAIRO, June 21 (Reuters) - Egypts cabinet has approved a draft law to eliminate tax exemptions for state entities in a bid to attract private investment, a cabinet statement said on Wednesday, but the law appeared to retain ...

Egypts government sold a 9.5% stake in state-controlled Telecom Egypt for 3.75 billion Egyptian pounds , the finance ministry said in a statement on Sunday, breathing life into a privatisation... | May 14, 2023

CAIRO — The Central Bank of Egypt (CBE) will leave its overnight interest rates steady at a meeting on Thursday, a Reuters poll forecast, despite signals the…

Egyptian government bonds have been cleared to join J.P. Morgan's GBI-EM investment index starting on Jan. 31, the investment bank said in a research note.

Water-scarce Egypt aims to more than quadruple desalination capacity by granting private companies concessions from its sovereign wealth fund to build 17 plants over the next five years with sustainable solar energy.

Egyptian government bonds have been cleared to join J.P. Morgan's GBI-EM investment index starting on Jan. 31, the investment bank said in a research note.

By Reuters Staff (Adds detail on JPMorgan index, debt strategy) CAIRO, April 27 (Reuters) - Egypt expects its domestic debt to be “Euroclearable” and open to a larger number of foreign investors by November, Finance Minister Mohamed Maait said on Tuesday. Egypt signed an agreement to create a cross-border link with Euroclear, Europe’s biggest settlement house for securities, in 2019. In a speech to the American Chamber of Commerce, Maait said that Egypt also expected to join JPMorgan’s ...

* Currency reform paves way for aid, debt relief * Dollar trade in banks still subject to restrictions * Black market currency activity has plummeted By Nafisa Eltahir, Khalid Abdelaziz and Patrick Werr KHARTOUM, March 3 (Reuters) - Sudan’s devaluation of its currency last month, a long-awaited step in tackling the country’s chronic economic crisis, initially caused confusion among banks, traders and clients. Yet less than two weeks after Sudan slashed the value of its pound and put a manag...