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Egypt may retain 40% of pre-pandemic number of tourists by end of 2021: EJB
The total amount of tourists who are expected to visit Egypt by the end of 2021 could reach reach five to six million tourists, which represents 40 percent of the total amount of tourists that…
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Egypt launches 2nd phase of economic reform program with focus on structural reforms
Egypt has launched the second phase of its economic reform programme, which shifts focus on structural reforms, after a wrap-up of the first phase of the IMF-backed economic reform programme that has…
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CBE decides to leave key interest rates unchanged
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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PepsiCo Global launches new initiative to support agriculture globally, including Egypt
PepsiCo Global has announced the launch of a new impact-driven initiative that aims to spread regenerative farming practices across 7 million acres, approximately equal to its entire agricultural…
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Naguib Sawiri resigns from Orascom Investment Holding as Chairman
Orascom Investment Holding (OIH) board approved on Wednesday the resignation of Egyptian business tycoon Naguib Sawiris from his position as the chairman while keeping the position of the CEO and…
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COVID negative repercussions points at importance of financial inclusion: Arab central banks council
The negative repercussions of the COVID-19 pandemic have highlighted the great importance of deploying Fintech for the purposes of financial inclusion in the Arab region, the Secretariat of the…
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Egypt’s Post for Investments appoints Essam El-Din Al-Wakeel as Chairman
Egypt Post Chairperson Sherif Farouk has issued a decision to reconstitute the Board of Directors at the Post for Investments (PFI) company, the investment arm of Egypt Post.
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Banque du Caire launches charity convoy for 9th consecutive year
Banque du Caire has continued its organisation of the charities convoy launched mone years ago, according to the banks’ Chairman Tarek Fayed.
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Tourism revenues in Egypt will increase by $3bn on Russian flight resumptions: Goldman Sachs
The tourism sector in Egypt will be seeing an additional revenues by over $3bn annually after the return of Russian tourists in Egypt to pre-2015 levels, according to the American multinational…
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Egyptian President directs for continued comprehensive development in Sinai
Egypt’s President Abdel Fattah Al-Sisi has directed for the continuation of comprehensive development efforts in the Sinai Peninsula.
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