Tag: Egypt

Egypt signs $2 bln loan with regional, international banks -statement

CAIRO (Reuters) - Egypt signed a $2 billion conventional and Islamic loan with several international and regional banks in a deal coordinated by two UAE lenders, the finance ministry said...

Egypt’s GASC issues tender for vegetable oils for Oct. 25-Nov. 20 arrival

CAIRO (Reuters) - Egypt’s General Authority for Supply Commodities (GASC) said on Saturday it was seeking soyoil and sunflower oil in an international tender with a deadline for offers on...

Egypt withdraws from latest dam talks for internal consultations

Egypt decided to withdraw from the latest round of tripartite negotiations with Ethiopia over its multi-billion-dollar dam on the Blue Nile for internal consultations. Mikael Arage, Political and Economic Analyst joins CNBC Africa for more.

Egypt’s annual urban consumer price inflation fell to 4.2% in July – CAPMAS

CAIRO (Reuters) - Egypt’s annual urban consumer price inflation fell to 4.2% in July from 5.6% in June, the central statistics agency CAPMAS said on Monday. Month...

Economic pitfalls risk cooling Egypt’s hot money inflows

CAIRO/LONDON/DUBAI (Reuters) - The threat of conflict in Libya, water security worries and a flatlining tourist sector risk upending a nascent rally in Egyptian bonds, bankers and economists say.

Ethiopia says it has reached first-year target for Renaissance dam

Ethiopia has announced the first-year target for filling the controversial Grand Ethiopian Renaissance dam on the River Nile has been reached. The announcement came as the country agreed to resume talks with Egypt and Sudan over the dam. CNBC Africa spoke to Political & Economic Analyst, Mikael Arage for more.

Contenders begin race for WTO top job

Eight candidates are going head-to-head for the top position at the World Trade Organization with nominations coming from the United Kingdom, Mexico, Moldova, Korea, Saudi Arabia, and three entries from Africa. Trudi Hartzenberg, Executive Director of the Trade Law Centre joins CNBC Africa to talk about the chances of the African candidates vying for the position.

Egypt’s Suez Canal revenues in FY 19/20 fall to $5.72 bln – statement

CAIRO (Reuters) - Egypt’s Suez Canal revenues fell to $5.72 billion in the 2019/20 financial year from $5.75 billion in the year prior, the canal authority said on Saturday.