Day: October 1, 2024

The International Monetary Fund (IMF) will conduct its fourth review of Egypt’s economic reform program next month, a government official told Asharq Business. Completing this review would unlock a USD 1.3 billion (EGP 62.7 billion) tranche for Egypt — the fourth and largest disbursement under the current loan agreement. In…

Egypt plans to offer peninsula-based Berenice as one of five key coastal concessions by the Red Sea in its ongoing strategy to draw in potential investors, Senior Assistant to the Housing Minister, Abdel Khalek Ibrahim, told Asharq Business on 29 September. Known for its pristine beaches, vibrant coral reefs, and…

The Central Bank of Egypt (CBE) revealed that Egypt had attracted a net inflow of Arab investments totaling $18.55 billion over the initial nine months of the last fiscal year. It released data indicating a dramatic increase in Arab investments flowing into Egypt during the third quarter of the 2023/2024…

Beltone Holding, one of the fastest-growing financial institutions in the region, has announced that its subsidiary, Beltone Venture Capital (BVC), has completed its first international investment. BVC has made a strategic investment in VelyVelo, a French e-bike rental company known for its innovative approach to e-bike fleet management. The investment…