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Pandemic Offers Africa a Chance to Boost Sovereign Sukuk Sales
South Africa, Nigeria, Egypt may lead Africa 2021 sukuk offer as the African nations needs financing following the coronavirus pandemic.
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Financial Group tops Egyptian brokerage ranking during April
Financial Brokerage Group (FBG), Hermes Securities Brokerage, Commercial International Brokerage Company (CIBC), and Beltone Securities Brokerage have retained their top four positions for brokerage…
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Egypt participates in African fact-finding mission to Chad
Egypt’s Ambassador to Ethiopia and the African Union (AU) Osama Abdel Khaleq has participated in the African Peace and Security Council (APSC) delegation to the Chadian capital, N’Djamena.
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AfDB pledges $17bln to stop hunger in Africa, strengthen food security
The African Development Bank and the International Fund for Agricultural Development (IFAD), the Forum for Agricultural Research in Africa (FARA) and the CGIAR System Organization, will work closely…
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Egypt, Libya discuss stepping up investments
Egypt discussed stepping up investments during a meeting between Chairman of the General Authority of Free Zones and Investments (GAFI) Mohamed Abdel Wahab and head of the Libyan Investment Authority…
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Egypt to construct largest petrochemical complex in Ain Sokhna with investments of $7.5B
Egypt has signed a $7.5 billion deal to build a petrochemical complex in the Ain Sokhna industrial zone, the Cabinet announced in a statement on Wednesday.
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Egypt disburses EGP 25.5 bln export subsidies since March 2020: Maait
Egypt has disbursed a total of 25.5 billion Egyptian pounds to exporters since the onset of the pandemic in Egypt in March 2020 through six initiatives aimed to support the export sector, Minister of…
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OPEC lends Egypt $95m to finance small projects
The Presidential Decision No 454 of 2020, published in the Thursday edition of the Official Gazette, has announced the approval of a $95m loan agreement between the Egyptian Government and the OPEC…
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Egypt’s domestic liquidity grows to EGP 5.134 trillion in Q1
Egypt’s domestic liquidity rose to 5.134 trillion Egyptian pounds ($327.7 billion) in the first quarter of the year from 4.920 trillion pounds at the end of 2020.
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Egypt’s exports to Saudi Arabia rise 13% in 2020 despite pandemic
Egypt’s exports to the Saudi market grew by 13% to $2.6 billion in 2020, compared to $2.3 billion a year earlier.
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