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Egypt updates ‘Nafeza’ e-platform to facilitate business procedures
Egypt’s Ministry of Finance has updated its national single window platform for foreign trade facilitation, Nafeza, providing a special version for mobile phones.
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Egypt Post offers new service for electronic collection of university admission fees
Egypt Post has launched a new service for electronic collection of university admission fees at approximately 4,500 post offices nationwide.
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Egypt plans EGP 125.7bn investments in industrial sector in FY21/22
Egypt reviewed the targets of the manufacturing sector for fiscal year (FY) 2021/2022 as part of the medium-term sustainable development plan between FY18/19 and FY21/22, according to The Egyptian…
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Egypt’s EFG Hermes Q2 revenues climbs 20% y-o-y
Egypt’s EFG Hermes reported a 20 percent year-on-year growth in revenues for the second quarter of the year to 1.6 billion Egyptian pounds ($101.8 million).
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Egypt’s Banque Misr Q1 net profit jumps 109%
Banque Misr, Egypt’s second largest bank, reported on Wednesday a 109 percent year-on-year growth in net profit for the first quarter of the year.
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QNB ALAHLI secures $50 mln loan to support SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) announced on Monday that it is securing a $50 million loan to Qatar National Bank ALAHLI (QNB ALAHLI)to boost small businesses and green…
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Remittances from Egyptian expats rise to $28.5bn in 11 months
Remittances from Egyptians living abroad increased by $3.3 billion or 13% year-on-year (YoY) during the first 11 months of fiscal year (FY) 2020/2021.
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Elsewedy Electric’s profit jumps 71% in H1-21
Elsewedy Electric Co reported a 70.58% year-on-year (YoY) hike in its consolidated net profits to EGP 1.74 billion in the first half (H1) of 2021, compared to EGP 1.025 billion, including minority…
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Orascom Development Egypt H1 net profit soars 342%
Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding AG (ODH), reported on Monday a 342.28 percent year-on-year jump in net profit for the first half of the year.
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Egypt injects EGP 2.8bn into over 87k small, micro projects in H1 2021
Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has injected EGP 2.8bn into 87,700 small and micro projects in the first half (H1) of 2021, creating about 146,500 job…
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