EGYPT Archives - International Finance

Badawi met with the Jordanian-Egyptian Fajr Co. to evaluate its operations and plans while he was in Jordan to build the country's infrastructure for natural gas...

Featured Oil & Gas

Egypt in talks with foreign companies over long-term LNG purchases

IFM CorrespondentNovember 26, 2024

by IFM CorrespondentNovember 26, 2024

LNG spot prices have recently increased to around USD 14.50 per million British thermal units, rising from approximately USD 12/mmBtu when Egypt commenced tendering for LNG...

Featured Finance

Egypt aims to boost entrepreneurship investments to USD 5 billion: PM Mostafa Madbouly

IFM CorrespondentNovember 22, 2024November 22, 2024

by IFM CorrespondentNovember 22, 2024November 22, 2024

The heads and representatives of ten prominent entrepreneurial companies met with PM Mostafa Madbouly to announce investments in the entrepreneurship sector...

Economy Featured

IMF projects 4% growth rebound in MENA in 2025 amid geopolitical worries

IFM CorrespondentNovember 5, 2024

by IFM CorrespondentNovember 5, 2024

The IMF has approved USD 13.4 billion in new funding to Middle East and Central Asian countries since January 2024, including for programmes in Egypt, Jordan and Pakistan...

Energy Featured

Egypt explores partnership with Siemens Energy for emissions reduction

IFM CorrespondentOctober 7, 2024

by IFM CorrespondentOctober 7, 2024

Egypt will be positioned as a leader in low-carbon hydrogen thanks to this initiative, which bolsters the government's commitment to a green hydrogen economy...

Economy Featured

Egypt’s central bank leaves interest rates steady as inflation seen dropping

IFM CorrespondentSeptember 10, 2024September 10, 2024

by IFM CorrespondentSeptember 10, 2024September 10, 2024

According to the MPC, inflation would sharply drop in the first quarter of 2025 and economic growth would progressively rebound in the fiscal year that started on July 1...