News Egypt Markets: Egypt's pound keeps falling on black market ahead of IMF meeting
The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on Egypt ahead of a crucial International Monetary Fund board meeting next week.
News Egypt Markets: IMF looks for Egyptian currency flexibility after end of December, official says
The International Monetary Fund will be watching for a shift by Egypt to a flexible exchange rate after a requirement to finance imports through letters of credit is phased out at the end of this month, a senior IMF official said on Monday.
News Egypt Markets: Majid Al-Futtaim Retail intends to invest EGP 400 mln in Egyptian market in 2023
Carrefour, owned and operated by Majid Al-Futtaim in Egypt, intends to invest over EGP 400 million in the Egyptian market in 2023 and to double the amount to hit EGP 750 million through 2025, ...
News Egypt Markets: Saudi Arabian Retailer United Electronics Eyes Egypt Expansion
Saudi retailer United Electronics is looking to grow its market share in Egypt to 10% over the next five years, according to its chief executive officer.
