Aramco will release its IPO prospectus on 9 November
Latest by Mohamed Samir
Delek Drilling and Noble Energy, Dolphinus JV to acquire 39% stake in the pipeline
CBE likely to cut policy rates further in 4Q19
Company hopes it will replace flying, allow elderly and those with disabilities to fully participate in society
Since the beginning of this year, Egypt’s iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued a resolution in April, imposing a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days ending in October.
The problem is that climate change economic impact took its toll on poorer countries. Oxfam, a globally renowned aid and development charity, estimates that between 1998 and 2017, low-income countries reported climate-related disaster losses of $21bn, or an average of 1.8% of GDP.
Banking act may spur a wave of consolidation amongst smaller or undercapitalised banks
Exports from Leviathan to start 1 January 2020, from Tamar to start on 30 June 2020
Credit rating agency expects Egypt’s GDP to grow 5.6% in 2019, additional rate cuts next year
Competitiveness concerns should not preclude carbon pricing or emission targets to Paris Agreement levels, namely $40–$80/tCO2e by 2020 and $50–$100/tCO2e by 2030
CIB hikes by 5% and Eastern Company by 4.7%
The Gold Coffin of Nedjemankh was stolen from the Minya region of Egypt in the aftermath of the Egyptian Revolution in October 2011.
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
Lenovo unveils Legion Y540, L-340 gaming laptops
Nothing less than a full transformation into a low-carbon economy to avert the impacts of climate change, says Ovais Sarmad
Swaziland is Africa’s most unequal country, followed by Nigeria, South Africa, Namibia
President Al-Sisi affirmed his interest in boosting cooperation with international institution to support development in Egypt, Africa
Increase in fertility rates, securing water resources represent long-term economic challenges
Egyptian Government clearly really ‘gets’ the social and economic value that a digital transformation can deliver, says Rahim
Egypt’s fiscal consolidation to continue, unemployment shrinking, GDP to record 5.5% in 2020: The Economist Intelligence Unit
The group regards itself as a community of values, with freedom and human rights, democracy and the rule of law, and prosperity and sustainable development as its key principles.
“Happy Yemen” sucked into quagmire of proxy wars, famine with no end in sight
The announcement defied analyst expectations, as in July the Egyptian authorities decided to go ahead with slashing fuel subsidies, lifting petrol and diesel prices by about 17-30%.
Trump’s adviser met Jordan’s King Abdullah
Monetary easing from Fed could help EM central banks to cut rates
Price recovery backed by supply tightening, future disruptions due to Gulf tensions, says IHS Markit
Egypt ranked second in among targeted inbound M&A countries with $721m
EU says that Turkey’s actions are unacceptable escalation, threatens sanctions
Landmark trade pact raises hopes for unified prosperous African continent
Institutional weaknesses, unfavourable external backdrop may weigh in on growth, inflationary pressure to rise, says the bank