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ACUD, MasterCard discuss turning New Capital into cashless city
Delegations from the Administrative Capital for Urban Development (ACUD) and Mastercard met to discuss the latest developments in the latter’s project in the New Administrative Capital (NAC) .
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SCZone signs EGP 20 bln agreement to transform Sokhna port into mega port hub
The Suez Canal Economic Zone (SCZone) has signed an agreement worth EGP 20 billion ($1.27 billion) with the General Authority for Roads and Bridges to develop the canal zone's Ain Sokhna port under a…
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HC expects the MPC to keep interest rates unchanged
HC Securities & Investment expects the Central bank of Egypt (CBE) to keep interest rates unchanged at its Monetary Policy Committee (MPC) next April meeting.
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CBE raises withdrawal, transfer limits from mobile wallets
The Central Bank of Egypt (CBE) has released new regulations allowing mobile wallet users to borrow, withdraw, and transfer larger sums per day.
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Egypt’s structural reforms in 2021 focus on sectoral development: Al-Mashat
Egypt’s Minister of International Cooperation Rania Al-Mashat has said that the second phase of the country’s proposed structural reforms for this year are focused on sectoral reform.
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Egypt second largest Arab economy in 2020, worth $361.8 bln, IMF
Egypt is the second largest economy in the Arab region in 2020 with a total amount of $361.8 billion, following Saudi Arabia according to the International Monetary Fund (IMF).
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EFG Hermes: Arab Investment Bank valuation stood at EGP 1.1 billion
EFG Hermes said that the Arab Investment Bank (aiBank) had been valued between 900 million Egyptian pounds and 1.2 billion pounds ($57.3 million and $76.5 million), projecting share fair market value…
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Agricultural Bank of Egypt will make available its key services in braille, Chairman
The Agricultural Bank of Egypt (ABE) will be printing the terms and conditions for opening individual accounts in Braille so that the visually impaired can access its banking services to the visually…
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Banque Misr signs an EGP 1.1bn Islamic funding agreement with Inertia
Inertia Egypt signed a contract with Banque Misr to obtain a medium-term Islamic funding worth EGP 1.1 billion to finance the company’s project in the North Coast.
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Amazon Payment Services waives service fees for new MSMEs
Amazon Payment Services has announced it will waive all fees for new micro, small, and medium enterprises (MSMEs) wishing to benefit from its services in Egypt.
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