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Eitesal organises 1st networking meeting for Egyptian, African, Latvian IT companies
The Egyptian Information, Telecommunications, Electronics, and Software Alliance (Eitesal) has organised the first networking meeting for a number of international and local information technology…
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Egypt’s non-oil exports surge 19% in 5M 2021: Trade Minister
Egypt’s non-oil exports recorded a significant increase of 19% in the first five months of 2021, according Egypt’s Minister of Trade and Industry Nevine Gamea.
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Egyptian door-knocking mini delegation to visit US by Q4 of 2021
A door-knocking mini delegation of board members of the American Chamber of Commerce (AmCham) in Egypt and the Egypt-US Business Council (EUSBC) is expected to visit the US in the fourth quarter (Q4)…
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Egypt’s remittances total $250.3 bln in 10 years: CAPMAS
Egyptian expats' remittances recorded $250.3 billion in the past 10 years, from FY 2011/2012 through FY 2019/2020, reported the Central Agency for Public Mobilisation and Statistics (CAPMAS) on…
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Banque du Caire reports EGP 1bn in net profit in Q1 2021
Banque du Caire has revealed in its latest financial statements that it achieved a net profit of EGP 1bn during the first quarter (Q1) of 2021.
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Egypt’s internal trade attracts EGP 50bn in three years – Minister
Egypt’s internal trade sector accounted for 21.6% of the country’s gross domestic product (GDP) in the first half (H1) of the fiscal year 2020/2021, adding 1.6% year-on-year (YoY), Minister of Supply…
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Egypt invests EGP 35.3bn in developmental projects in Cairo
The Egyptian Minister of Planning and Economic Development, Hala El-Saeed, announced the completion of 585 developmental projects in Cairo at a total cost of EGP 35.3 billion during fiscal years (FY)…
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Egypt to launch new vaccine complex for producing 3m doses per day
Egypt is launching a new vaccine production lines at a cost of $17 million, in addition to construction costs of EGP 80 million.
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Bedaya launches Egypt’s first non-bank mortgage app
Bedaya Mortgage Finance Co., a joint venture (JV) between Talaat Moustafa Group Holding, GB Capital, and EFG Hermes, has launched the first non-bank mortgage finance mobile application and online…
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CBE keep interest rate uncut for another 3 months
The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25…
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