Another corner of the energy market threatens to deal a new blow to Egypt’s fragile government finances although its milestone of regaining self-sufficiency in natural gas. A six-fold increase in production at the giant offshore Zohr [ More … ]
As Egypt continues to bolster foreign reserves and prepare for about $14 billion of foreign debt repayments in 2018, the central bank governor said that Egypt signed an expanded $3.2 billion financing deal with foreign banks, according [ More … ]
Foreign investors may be finally curbing their enthusiasm for Egyptian local-currency debt, amid fears of interest rate cut, said Bloomberg in a recent report, titled “Egypt’s $18 Billion Debt Inflows Seen Peaking as Rate Cut [ More … ]
The Central Bank of Egypt will likely raise its key borrowing costs to the highest level in more than a decade, as it tries to curb surging consumer prices amid growing speculation of another currency [ More … ]
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