Mada Masr explores the impacts of the anticipated devaluation on market prices and external debt.
Experts say the plan is more of a short-term fix to Egypt's economic woes
The move will see El Ezaby, Egypt's largest pharmacy chain, expand twofold within two years
The desperation felt in Cairo comes down to its inability to secure needed foreign currency inflows
In many ways, it is a race against the clock, and not just the IMF clock
'As long as there is more demand than supply, the price of the pound will continue to decrease.'
If finalized, Egypt could see its IMF loan increase to US$7 billion, one source told Mada Masr.
A newly-established Emirati firm acquired a 30 percent stake from the government in Egypt’s biggest tobacco manufacturer, the Eastern Company, for US$625…
The fanfare over the completion of deals worth US$1.9 billion is premature, sources say.
The deal is the acquisition to go through from the state's updated privatization program
The government backed out on March 20 from a deal to sell 10 percent of Telecom Egypt’s shares to a strategic investor…
Qatari investors want to buy based on an earlier valuation, but Egypt is pushing for a higher price.
