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Importers in Egypt start joining ACI system, minister
Importers in Egypt began joining the Advanced Cargo Information (ACI) system since piloting it in April 1 ahead of its enforcement as of July 1
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Egypt PMI drops in April to lowest level in 9 months
The Egypt Purchasing Managers’ Index (PMI) dropped to 47.7 in April from 48.0 in March, its fifth consecutive month below the 50 mark that separates expansion from contraction, IHS Market said on…
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EFG Hermes completes advisory on Bank Audi’s sale to FAB
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEMs), announced today that its Investment Banking team has successfully completed advisory to Bank Audi on its…
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Egypt’s CIB first bank in MENA, Africa to receive Gender Equity Seal
Egypt’s Commercial International Bank (CIB) has become the first bank in the Middle East and Africa to receive Gender Equity Seal (EGES) certification from the National Council for Women (NCW) and the…
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OIH says demerger is main reason behind delay in filing 2020 financials
Orascom Investment Holding (OIH) revealed the reason behind delaying the publication of the financial statements for the year ended 31 December 2020.
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Egypt expects $6bn tourism revenue in FY21/22
Egypt is expected to generate $6 billion in tourism revenues during fiscal year (FY) 2021/2022 with the gradual recovery of the tourism sector, according to the Minister of Planning and Economic…
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Egypt’s agricultural exports up to 2.7 million tons from January to April
The volume of agricultural exports has increased to more than 2.7 million tons from January 1 to April 27 according to The Egyptian Ministry of Agriculture and Land Reclamation.
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Misr Insurance, Misr Life Insurance lead premium collections in 2M
The two government insurance companies, Misr Insurance and Misr Life Insurance, have topped the list of the five biggest companies in Egypt’s insurance market in terms of premiums collected in January…
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Raya officially signs an agreement to sell its subsidiary BariQ to Intro Group
Raya Holding signed an agreement worth 490.7 million Egyptian pounds ($31.3 million) with Mamdouh Abbas’ Intro Group to sell its 100 percent shares of its subsidiary BariQ.
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Egypt’s Qalaa Holdings revenues jump 148% in 2020
Egypt’s Qalaa Holdings, one of the country’s largest investment companies, reported on Monday a 148 percent year-on-year growth in consolidated revenues for the year ended 31 December 202
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