Tag: Ukraine
Egypt reportedly expands citizenship program to attract FDI
Egypt initially launched its citizenship by investment in 2018, paving the way for foreigners living in the country to apply for citizenship after five years of residency
IMF reportedly expects Egypt to switch to flexible exchange end of December
The International Monetary Fund (IMF) is expecting Egyptian authorities to switch to a flexible exchange rate after a requirement to finance imports through letters...
IMF executive board approves $3 billion Egypt extended arrangement
The International Monetary Fund (IMF) said Saturday that its executive board has approved a 46-month $3 billion financial support package for Egypt which is...
Saudi wealth fund PIF reportedly plans to acquire Egypt’s United Bank for $600 million
Saudi Arabia’s Public Investment Fund (PIF) is reportedly in advanced talks to acquire Egypt’s United Bank in a deal that could value the state-owned...
Egypt’s headline inflation jumps to five-year high in November
Egypt’s annual urban consumer inflation soared to a five-year high of 18.7% in November, data from state-run statistics agency CAPMAS showed Thursday, as the...
Egypt’s inflation accelerates to 16.2% in October on soaring food costs
The latest data from Egypt’s CAPMAS showed that annual urban inflation accelerated to a four-year high of 16.2% in October and economists expect it...
Egypt devalues pound again, clinches $3 billion IMF deal
Egypt’s pound plunged to a record low against the dollar on Thursday after the central bank unveiled plans to move to a more flexible...
Central Bank of Egypt reportedly eases foreign currency rules for imports
The Central Bank of Egypt (CBE) reportedly eased restrictions on the use of foreign currency on Tuesday as part of the government’s broader strategy...
Egypt’s net foreign reserves drop slightly amid IMF talks
Egypt’s net foreign reserves dropped slightly in August, the central bank said Thursday, as the North African country strives to secure International Monetary Fund...
Egypt reportedly backing flexible pound amid devaluation calls and IMF talks
Egypt is now backing a more flexible currency to support its economy, a top-level government official said Tuesday, as the Arab world’s most populous...