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A spot light on major trade agreements linking Egypt with Africa
Egypt is looking forward to enhance its cooperation as well as trade interdependence with other countries in the African continent under the leadership of the Egyptian president.
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Egypt, Siemens sign green hydrogen project agreement
Egypt is cooperating with German engineering and technology company Siemens to develop its green hydrogen industry, initiating it with a pilot project, comprising 100 to 200 megawatts (MW) of…
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Egypt signs a deal to form Misr Methanol and Petrochemicals
he Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, witnessed the signing of a shareholder agreement for the establishment of Misr Methanol and Petrochemicals Company.
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Egypt lifts seizure orders on 3k companies under overdue tax concessions
The Finance Ministry lifted administrative seizure orders from more than 3k companies between April 2020 and July 2021 to get over coronavirus reprcaussions
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Egypt Kuwait Holding gets FRA’s approval to launch micro-finance firm
Egypt Kuwait Holding (EKH) has recently received the Financial Regulatory Authority's (FRA) approval to establish a micro-finance company called Bedayti.
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Egypt’s manufacturing, extractive industries index seen a 14.49% increase in June
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) issued the primary data for the country’s manufacturing and extractive industries index in June 2021.
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ITIDA, MAF ink deal to build first first outsourcing centre in Egypt
The Information Technology Industry Development Agency (ITIDA) signed a signing a cooperation agreement Majid Al Futtaim (MAF) Group’s MAF Global Solutions to build a business process outsourcing…
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Egypt to issue fist sovereign Sukuk in H2-FY21/22
Egypt is set to issue its first sovereign Sukuk in the second half (H2) of fiscal year (FY) 2021/2022 in a move aimed at providing the required finance for the country's investment projects.
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NBE leads a consortium to provide EGP4bln to the Electricity Transmission Company
The National Bank of Egypt (NBE), the country’s biggest state lender, is leading a banking consortium to arrange a syndicated loan agreement for State-run Egyptian Electricity Transmission Company…
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Egypt ends asset seizure for over 3k corporate taxpayers in 15M
The Egyptian Ministry of Finance ended the administrative seizure of assets of more than 3,000 corporate taxpayers between the end of April 2020 and the end of July 2021.
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