Read the latest news from regional and global sources, presenting different voices and perspectives.
Egypt: Vaiu secures FRA approval for $202mln securitization program
Zawya
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Arab Finance: U Consumer Finance, known as valU, has received regulatory approval from the Financial Regulatory Authority (FRA) for a securitization bond program worth EGP 10 billion. The FRA’s board granted the license to EFG Securitization,...
Egyptian Pound Undervalued by 30%, Says Goldman Sachs
Sada Elbalad
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July 18, 2025
Fri 18 Jul 2025 | 03:15 AM Goldman Sachs urges a short position on USD/EGP, forecasting further gains for the Egyptian pound, amid improving macroeconomic indicators and rising market confidence in the North African Country. In a newly released...
A Spanish company Fluidra expands presence in luxury tourism with new projects worth €5 million
All Andorra
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July 18, 2025
A Spanish company Fluidra (founded in 1969 in Barcelona), a global leader in connected equipment and solutions for the pool and wellness sector, is advancing its role in the luxury tourism market with new projects in Egypt, Dubai and Mexico valued...
Gas flaring continues to rise, finds World Bank
Oil Review Middle East
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Global gas flaring at upstream oil and gas facilities has risen for a second year in a row, according to the World Bank’s annual Global Gas Flaring Tracker Flaring rose by 2% to 151 billion cubic meters (bcm) in 2024, the highest level in almost...
Trust at the heart of emerging trends in global economy
Payments cards & mobile
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July 18, 2025
A new report from Checkout.com outlines trends emerging as the global economy continues to digitalize – and argues that establishing trust between counterparties is at the heart of these trends. From sharing personal data, relying on protections,...
Egypt Dominates Africa’s Tank Rankings With 3,620 in Service—More Than the Next Two Nations Combined
24/7 Wall St.
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July 17, 2025
Key Points Egypt has long been the military powerhouse in Africa, and its armored divisions are some of the most impressive in the world With an impressive force of over 3,600 tanks in service, Egypt fields more tanks than the next two nations on...
Egypt and Saudi Arabia Reaffirm Deep Political and Economic Cooperation
Sada Elbalad
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July 17, 2025
Thu 17 Jul 2025 | 11:09 PM Egyptian Foreign Minister Dr Badr Abdel Aaty met with his Saudi counterpart Prince Faisal bin Farhan in the coastal city of Alamein, where both sides reaffirmed the depth and strength of Egyptian Saudi relations,...
An Ode to the Ballerina Who Held Egypt’s Soul
Egyptian Streets
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July 18, 2025
The year was 2018. I still remember the exact moment I was about to talk to Egypt’s legendary ballerina. They say that the most powerful way to remember someone is how they made you feel, and although I met so many people and spoke to several in...
Etihad Air ways takes off to Egypt’s Al Alamein
Gulf Today
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July 18, 2025
Etihad Airways on Friday marked the launch of its inaugural flight to Al Alamein (DBB), adding the Egyptian coastal city to its list of seasonal summer destinations. This new direct service brings travellers closer to one of the Mediterranean’s...
Africana Philosophy: From Ancient Egypt to the Nineteenth Century by Peter Adamson and Chike Jeffers
Shepherd Express - Wisconsin
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July 18, 2025
Africa is a big continent and a big concept. Nearly 3,000 languages are native to Africa, not counting the English, French and other tongues brought by colonizers. Africa includes more than 50 nations with borders that don’t always conform to the...
Stocks gain, USD softer & USTs firm ahead of Fed’s Waller and earnings - Newsquawk US Market Open
Zero Hedge
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Fed's Waller says they should cut by 25bps at the July meeting and thereafter adjust meeting-by-meeting. European bourses are modestly higher whilst US futures take a breather following recent strength. USD a touch softer but still very much up on...
USD/EGP exchange rates stable at Egyptian banks
Zawya
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Arab Finance: The exchange rate between the Egyptian pound (EGP) and the USD recorded EGP 49.37 for buying and EGP 49.47 for selling at the National Bank of Egypt (NBE) on Thursday. The US dollar traded at EGP 49.36 for purchasing and EGP 49.46...
Trade deficit widens
The Times Group Malawi
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July 17, 2025
Malawi’s international trade performance showed mixed results in 2024, with the country maintaining relatively stable import levels while experiencing a significant decline in export earnings. This is according to figures from the International...
Egypt: IMF expects limited EGP/USD fluctuation, closed official-parallel markets gap
Zawya
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Arab Finance: The Egyptian pound (EGP) to US dollar rate is expected to fluctuate within a limited range, with gaps between the official and parallel markets to remain closed, the International Monetary Fund (IMF) indicated in its latest report....
New Fortress Energy to deploy 2nd FSRU in Egypt
Zawya
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Arab Finance: New Fortress Energy Inc. is set to deploy the Energos Winter, a 138,250 cubic meters floating storage and regasification unit (FSRU), in Egypt as early as August 2025, according to a press release. This falls within New Fortress...
Young, educated and knee deep in rubbish: the recyclers cleaning up in Cairo’s Garbage City
The Guardian
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July 18, 2025
When Mina Nedi graduated with a nursing degree last year, his friends and family expected him to start working in one of Egypt’s overstretched hospitals. Instead, the 25-year-old decided to join his father’s recycling business in Manshiyet Nasr, a...
Elsewedy, regional Johnson Controls–Hitachi win contract for Egypt’s high-speed rail megaproject
Zawya
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Cairo - Johnson Controls–Hitachi Air Conditioning Middle East and Africa (Johnson Controls–Hitachi Air Conditioning MEA) along with Elsewedy Machinery, the trading arm of Elsewedy Electric Group, won a major HVAC contract for the flagship...
Egypt settles $1bln in arrears to IOCs: Madbouly
Zawya
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Arab Finance: The Egyptian government has paid more than $1 billion of its debts to international oil companies (IOCs) operating in the country, Prime Minister Mostafa Madbouly announced. Madbouly added that the state plans to settle an additional...
Egypt: EGP strengthens against USD on Wednesday
Zawya
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Arab Finance: The Egyptian pound (EGP) strengthened against the US dollar on Wednesday, as the USD reached EGP 49.37 for buying and EGP 49.47 for selling at the National Bank of Egypt (NBE). The exchange rate recorded the same value at Banque Misr...
Egypt: EGX closes Wednesday’s session in red zone
Zawya
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Arab Finance: The Egyptian Exchange (EGX) closed Wednesday’s trading session in the red zone, with the EGX30 index declining by 1.36% to 33,473.77 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, fell by 1.14% to 3,470.37 points....