Egypt has secured US$10 billion from the United Arab Emirates as the first installment in the US$35 billion Ras al-Hikma deal. This inflow of funds came less than a week…
How lack of oversight and state encouragement has led to dollarization.
Many working in the sector doubted that the state will be able to compete with higher market prices
The government temporarily reduced natural gas supplies to state-owned petrochemical plants, particularly fertilizer producers, by around 50 percent starting May 17, according…
Egypt, Israel and the United States have agreed to lower the required Israeli component in duty-exempt Egyptian exports to the US from…
Import shipments that are not deemed strategically necessary continue to pile up
Banks continue to struggle to provide dollar liquidity to importers
Hundreds of thousands of chicks, purchased to rear poultry, are being swept up into trash bags each day for early slaughter, industry…
Some 800,000 tons of wheat, nearly half of the quantity that Egypt imports each month, is currently trapped in the country’s ports.…
