Egypt Blooming to be Breakout Nation: Morgan Stanley

American investment bank Morgan Stanley indicates that Egypt’s reform program, including EGP flotation and successive rounds of subsidy cuts, alongside public investment in infrastructure, energy, and various mega ...

Egypt Approves Largest-Ever State Budget

Egypt’s parliament approved on June 24 the FY 2019/20 budget starting in July, with spending set at EGP 1.6 trn, up EGP 150 bn from the current fiscal year, marking the biggest state budget in the country's histor ...

Egypt Inks EUR 2 bn Electricity Deal with Cyprus, Greece

Egypt has inked a cooperation agreement worth about EUR 2 bn with Cyprus-based EuroAfrica Interconnector to link the power grids of Egypt, Cyprus, and Greece through Crete, the latter's largest island, aiming to t ...

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