NIR declined slightly to USD33.141 billion at the end of August, compared to USD33.143 billion in July.
EGP slipped to 19.31 against the USD yesterday from 19.29.
The Customs Authority has raised the USD customs exchange rate to EGP 19.31 from EGP 18.65 in June, effective today.
The European Bank for Reconstruction and Development (EBRD) is ready to provide as much as USD 1.3 bn in funding to support clean energy projects in Egypt.
Putin said he wants to change the landmark agreement allowing Ukraine to export grain via the Black Sea to limit which countries can receive shipments.
Cabinet approved a draft decision that sets the prices of industrial land offered to investors under the usufruct system.
Oil prices dropped to USD82.60/bbl on fear of global demand.
Credit Agricole France will purchase a 4.8% stake in Credit Agricole Egypt today, taking its holdings in the local unit to around 65%, at EGP 6.23-EGP 7.00/share.
AUTO is entering into an agreement with Chimera Abu Dhabi to indirectly sell 45% of the shares of GB Lease. GB Lease recorded revenues of EGP275.7 mn during 1H22, representing 6.3% of GB Capital’s top-line and 1.8% of the total group’s top-line.
Expedition Investment decided to revise its offering price for DOMT according to Al Mal, after the fair value study at EGP6.90/share.
EGAL confirmed funding two-thirds of its USD300 million overhaul by offering fresh stakes through a capital increase.
The government plans to sell 10% of its stake in Helwan Fertilizers at EGP1.5 billion.