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Finance news

Finance min.: Egyptian economy restoring trust of int’l rating agencies with positive outlook

The latest rating issued by Fitch Ratings revised the Outlook on Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Positive.

Egypt seeks investment boost from South Korea across key sectors

Madbouly highlighted several sectors that Egpyt seeks to boost investment in, including electronics, oil and gas, nuclear energy, and iron and steel.

Beltone Launches $100M Private Credit Platform for Egyptian Exporters

BIH is looking to establish a comprehensive facilitatory platform to aid the growth prospects of the Egyptian economy.

New Administrative Capital company to name int’l IPO advisor in 3Q of 2024

Abbas estimated the ACUD assets at around EGP 300 billion. Their value is expected to triple following the liberalization of the local currency.

Egypt collects US$12 billion in revenues from Ras al-Hikma

The nation’s economic and financial performance is improving, he assured, adding that “we expect better indicators than the target by the end of June.

Finance Events

Seamless North Africa 02.07.2024

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