Cairo — Egypt is undergoing a structural transformation in how it generates foreign exchange, with a growing mix of remittances, tourism revenues, logistics activity, exports and foreign direct investment helping strengthen the country’s external position and support the Egyptian pound despite a challenging regional environment. The US dollar fell to EGP 51.79 for buying and EGP […]

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Cairo — Four leading investment banks have submitted bids to manage and promote the listing of state-owned companies on the Egyptian Exchange, as Egypt moves to accelerate its public offerings programme, according to a government official cited by Asharq Business. The bids include CI Capital, Al Ahly Pharos, EFG Hermes, and Arqaam Capital, all seeking […]