Day: September 8, 2025

Founder of UAE Company Emaar Properties, Mohamed Alabbar said his company plans to invest LE 900 billion in the Marassi Red project in Egypt’s Red Sea. Alabbar confirmed on CNBC Arabia that Emaar’s investments in Egypt will reach approximately US$35 billion after signing the Marassi Red contract. Egyptian Prime Minister…

Prime Minister Mostafa Madbouly announced that Egypt is currently aiming to achieve the lowest debt reduction in its history, RT reported on Sunday. He confirmed that the government has developed several scenarios in preparation for the worst economic “bumps” to deal with and achieve growth targets. Madbouly said that Egypt…

The Central Bank of Egypt (CBE) announced on Sunday, September 7th, 2025, an increase in the country’s foreign exchange reserves by $214 million to reach $49.250 billion in August against $49.036 billion in July. The post CBE: Egypt’s foreign exchange reserves rise to $49.250 billion in August appeared first on…