According to the IMF report, Egypt has achieved 7 out of the 15 structural benchmarks/commitments outlined in its ongoing $8 billion Extended Fund Facility (EFF) loan program with the IMF
Goldman Sachs economist, Farouk Soussa indicated that estimates suggest the ministry received approximately EGP 240 billion from the initial tranche of the Ras El Hekma deal with the UAE
Representatives from both companies recently signed a framework agreement. However, key details such as the capital investment and production capacity of the new venture remain undisclosed
Speaking to Ashraq Business on the sidelines of the International Monetary Fund and WB’s spring meetings, Al Mashat noted that the financing will also be directed towards Egypt’s reform programs
Egyptian investors dominate Egyptian Exchange with 81.8% share, while market capitalization sees significant growth.
