The Central Bank of Egypt (CBE) is likely to leave interest rates on hold when it meets this Thursday despite forecasts for rising inflation at home and higher interest rates abroad.

Ezz Elarab Automotive Group, the sole importer, and exclusive distributor of Volvo cars in Egypt has recently announced the launch of the latest showroom for the Swedish brand in One Katameya, East Cairo.

The Arab countries’ total global market share of the world’s exports of liquified natural gas (LNG) amounted to 30% during the second quarter (Q2) of 2021, according to a report conducted by Expert Engineer at the Organization of Arab Petroleum Exporting Countries (OAPEC) Wael Hamed Abdel Moati.

Fitch Ratings has assigned Banque du Caire S.A.E. (BDC) a Long-Term Issuer Default Rating (IDR) of 'B+' with a Stable Outlook, Viability Rating (VR) of 'b+' and National Long-Term Rating of 'AA(egy)' with a Stable Outlook. A full list of ratings is below.