Egypt’s Foreign Reserves Drop for 1st Time in 2 Years

The Central Bank of Egypt (CBE) has unveiled that the country's foreign currency reserves dropped last December for the first time since the EGP flotation, standing at USD 42.551 bn compared to USD 44.513 bn at th ...

Palm Hills to Raise The Crown’s Credit Facility Limit

Egypt-based Palm Hills Developments' board has approved increasing the credit facility limit for The Crown compound, west Cairo, to EGP 1.24 bn from EGP 852 mn

ADFD Finances Projects Worth USD 1.08 bn in Egypt

The Abu Dhabi Fund for Development (ADFD) has provided Egypt with grants and concessionary loans worth AED 4 bn (USD 1.08 bn) to carry out 64 development projects in the country, Invest-Gate reports.

Austrian, Spanish Loans Help Inaugurate Water Plants, June 30

The Ministry of Housing, Utilities and Urban Communities will hand over four water plants powered by an Austrian loan in Giza, Assiut, Sohag, and Aswan by June 20. It is also set to hand over two water plants powered ...

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