Page 23 - Patrick Werr News Today

CAIRO (Reuters) - Egyptian non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey showed on Sunday.

CAIRO (Reuters) - Egyptian non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new busi...

General Motors Co and Egypts Al Mansour Automotive Co have agreed to study joint manufacturing of electric vehicles in Egypt and, once finished, ask the government for support, Mansour Automotive... | December 1, 2021

Egypt is expected to finalise a $3 billion loan to be used in part to finance sustainable projects, three sources said, as the nation attempts to recover from a drop in tourism during the COVID-19 pandemic.

Egyptian activity in the non-petroleum private sector contracted for an 11th month in October as international supply chain bottlenecks slowed production and weighed on future output expectations, a survey showed on Wednesday.

The World Bank has approved a $360 million development policy financing (DPF) loan to support Egypt's post-pandemic recovery, the lender said on Thursday.

Egyptian state-controlled payments firm e-finance for Digital and Financial Investments began an initial public offering (IPO) for retail investors on Sunday, an official from one of the banks acting as managers of the offering said.

Egypt's non-petroleum private sector activity contracted for a 10th straight month in September, although optimism that the economy would recover over the next year reached an all-time high, a survey showed on Tuesday.

By Patrick Werr CAIRO (Reuters) - Egypt is pushing ahead with a new project to restore historic Cairo, a sprawling but now rapidly crumbling thousand-year-old world heritage site home to many a tale in the Thousand and One Arabian Nights. The plan aims to revitalise and promote Cairo as a tourist attraction while the government prepares to move to a futuristic new capital in the desert. It gives fresh impetus to efforts by professional architects and restorers to also save old buildings which th...

KHARTOUM — Sudan’s central bank allocated $43.4 million in its second foreign currency auction, an almost three-fold increase on the previous week, while the…