Day: March 2, 2024

The Fitch credit ratings agency expects a decline in Egypt’s inflation rate on an annual basis during the second half of this year, due to the increase in the Base Year. It explained in a report on Friday that the macroeconomic situation in Egypt will remain difficult during 2024-2025 as…

Egyptian cabinet spokesperson Mohamed al-Hommosany announced that the government on Friday received another five billion dollars from the first installment of the Ras al-Hikma investment partnership deal with the UAE – thereby completing the first tranche worth a total of $10 billion. Prime Minister Mostafa Madbouly announced during the cabinet…