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BUSINESS4d agoCyprus signs $1.8bn deal to develop first gas field, with exports to Europe via EgyptThe deal is a key step towards harnessing Cyprus' natural gas reserves and bolstering energy cooperation in the Eastern Mediterranean, with exports to Europe via Egypt and production due to start in 2028.EuroNews [en]
BUSINESSOct 17Finance Minister : IMF raises its forecast for Egypt economic growth to 4 . 7 % in 2027The IMF has increased its forecast for Egypt's economic growth to 4.7% by 2027, as stated by the Finance Minister. This indicates a positive outlook on the country's future economic performance.egyptindependent.com · Egypt
BUSINESSOct 17Moody raises Egypt credit rating , gives positive outlookMoody's has increased Egypt's credit rating and provided a positive outlook for the country. This development indicates an improved perception of Egypt's economic stability and financial prospects.jacarandafm.com · South Africa
BUSINESSOct 14Egypt to build a rail link as an alternative to the blocked Suez CanalDubbed the "Suez Canal on Rails", the line connects Red Sea ports directly to Mediterranean export terminals. Once fully operational, it is expected to carry up to 13 million tonnes of freight each year, allowing cargo to be transferred across Egypt by rail and helping bypass maritime bottlenecks.Africanews [en]
BUSINESSOct 4African leaders call for continent to unlock capital at Egypt business summitAfrican heads of state and business leaders gathered in Egypt on Saturday for the inaugural El-Alamein Africa Forum. They called for the continent to unlock its capital to finance growth and reduce reliance on external funding.Africanews [en]