Latest news and articles about egypt economy from NEX English
The Egyptian Prime Minister's assistant announced that the government is preparing the offering document for Cairo Bank, allocating <strong>30%</strong> of shares to investors. This initiative aims to enhance transparency and attract investments.
The Egyptian government has announced the selection of an independent financial advisor as part of its steps to launch Cairo Bank in the market. This decision is part of the government's efforts to enhance transparency and financial efficiency.
The National Bank of Egypt has launched the new 'Beladi Certificate' aimed at Egyptians living abroad, offering biannual returns in euros and British pounds. This initiative seeks to meet the investment needs of expatriates and strengthen their ties with their homeland.
The former Minister of Petroleum stated that the decline in production at the Zohr gas field is a natural phenomenon, dismissing rumors about his death as baseless. This statement comes amid growing concerns about Egypt's gas production future.
The Egyptian president has issued a new presidential decree aimed at enhancing the role of the General Authority for the Suez Canal Economic Zone. This decision reflects the government's commitment to supporting economic development and increasing investments in the region.
The National Bank of Egypt has launched a new Platinum Certificate for 2026, offering investors the opportunity to earn up to 66,000 EGP in the first year with an interest rate of 22%. This certificate presents an attractive investment option amid current economic conditions.
Musharq Real Estate Investment has announced a reduction in its stake in Cairo Housing. This decision aims to restructure the company's investments and enhance its financial performance amidst various challenges in the Egyptian real estate market.
The Egyptian government announced its intention to open Hurghada International Airport to private investment within a period not exceeding two months. This decision is part of efforts to enhance private investments in the air transport sector.
The International Monetary Fund announced that the Central Bank of Egypt has tasked two international firms with evaluating the country's largest state banks. This decision is part of the Egyptian government's efforts to enhance transparency and improve the financial performance of banks.