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Egypt's finance minister says the state paid over US$6.1 billion to foreign partners, the same sum the petroleum ministry says it cleared by June. The post Egypt Says It Paid US$6.1B in Energy Debt appeared first on The Rio Times.
Egypt's president and foreign minister met Russia's BRICS envoy Maxim Oreshkin in Cairo to speed up the Russian industrial park in the Suez Canal zone. The post Egypt Advances Russian Suez Zone on 19 Oct appeared first on The Rio Times.
Egypt's chemical and fertiliser sales to India reached US$627 million in eight months against US$147 million a year earlier, the export council said. The post Egypt Chemical Exports to India Jump 325% appeared first on The Rio Times.
Banque du Caire is looking to raise as much as 24.25 billion Egyptian pounds ($454 million) via the sale of a 30% stake, in what would be the North African country’s largest initial public offering in years.
Egypt's official exchange rate passed 53 per US dollar on 14 October, the pound's weakest since May, as foreign investors sold about US$109 million of debt. The post Egyptian Pound Slides Past 53 per Dollar appeared first on The Rio Times.
Dubbed the "Suez Canal on Rails", the line connects Red Sea ports directly to Mediterranean export terminals. Once fully operational, it is expected to carry up to 13 million tonnes of freight each year, allowing cargo to be transferred across Egypt by rail and helping bypass maritime bottlenecks.
Egypt's current account deficit widened to US$22.5 billion in the year to June 2026, but record remittances and FDI left a US$2.8 billion surplus. The post Egypt Current Account Deficit Hits US$22.5 Billion appeared first on The Rio Times.
Banque du Caire will sell a 30% stake via Egypt’s stock exchange, a long-awaited state-asset sale that would also be the country’s second major initial public offering in a month.