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CBE, Supply Ministry sign finance agreement to develop bakeries through banks
The Central Bank of Egypt (CBE) and the Ministry of Supply and Internal Trade have signed an agreement to provide the finance needed to develop Eish baladi (Egyptian bread) bakeries.
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National Bank of Egypt launches a new product to finance food carts
National Bank of Egypt (NBE), the country’s largest state bank, announced that it has launched a new financial product to finance food carts i.e street Food, the first of its kind in the Egyptian…
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Banque du Caire, Fawry sign contract for remittance transfer service
Banque du Caire and EGX-listed e-payments platform Fawry have signed a new agreement to set up an instant remittance transfer service through the bank’s branches.
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National Bank of Egypt gets approval for first South Sudan branch
National Bank of Egypt (NBE), the country’s largest state bank, has received approval to open a branch in South Sudan’s capital Juba, a senior official said on Monday.
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Egypt’s PMI declines in March for first time in three months: IHS
Egypt’s purchasing managers’ index (PMI) in the non-oil private sector dropped in March for the first time in three months from 49.3 in February to 48.0, signalling a modest deterioration in the…
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Egypt’s Bourse needs more liquidity – Naguib Sawiris
The Egyptian Exchange (EGX) needs more listings to help with providing sufficient market liquidity, Naguib Sawiris said during Hapi Conference on Monday.
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Egypt seeks 5.4% growth rate for FY 2020/2021, Maait
The Egyptian government is seeking economic growth rates of 5.4 percent during fiscal year (FY) 2019/2020, according to the Minister of Finance, Mohamed Maait said on Monday.The Egyptian government is…
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Egypt seeks reaching $100bn annual exports, minister
Egypt's Ministry of Trade and Industry’s plans to reach $100bn in annual exports, Nevine Gamea said s a part of her speech which was delivered on behalf of Prime Minister Mostafa Madbouly, during the…
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Egypt’s international reserves were slightly up by March-end: CBE
Egypt’s net international reserves (NIRs) rose for the tenth month in a row to reach $40.3 billion by the end of March, up from $40.2 billion in February, the Central Bank of Egypt (CBE) announced.
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Egypt’s food industries sector sees EGP 500bn investments, Gamea
The Egyptian food industries sector attracts investments of 500 billion Egyptian pounds which are making up 24.5 percent of the country’s gross domestic product (GDP), the Minister of Trade and…
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