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Egypt’s T-bills attract EGP 42 bln in 4 auctions: CBE
Egypt’s debt instruments attracted EGP 41.8 billion in four auctions, figures released by the Central Bank of Egypt (CBE) showed.
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Egypt agrees with a Russian firm to supply low-enriched nuclear fuel components during 2021
Egyptian Atomic Energy Authority (EAEA) has signed an agreement with Novosibirsk Chemical Concentrates Plant (NCCP), a subsidiary of Russian nuclear fuel manufacturer TVEL, for supplying new batch of…
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Orascom Development Egypt seen a decline in its profits during 2020
Orascom Development Egypt (ODE) posted 571.32 million Egyptian pounds in consolidated net profits in 2020, down by 19% year-on-year (YoY) 705.55 million pounds, including minority shareholders’…
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Remittances from Egyptian expats surge 10.5% y-o-y in 2020: c.bank
Remittances from Egyptians working abroad surged 10.5 percent year-on-year to around $29.6 billion in 2020, the central bank announced on Monday.
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Egytrans will approve share-swap offer by Hassan Allam’s unit only a fair value study
The Egyptian Transport and Commercial Services Co (Egytrans) will only sign binding agreement with H.A. Utilities Holding BV, the owner of the infrastructure and renewable energy firm H.A. Utilities…
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CBE launches a new EGP 100bn initiative for mortgage finance
Central Bank of Egypt (CBE) has launched a new mortgage finance initiative on President Abdel Fattah al-Sisi directives to help low and middle citizens.
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Egypt officially joins U.N. trucking treaty, TIR Convention
Egypt has officially joined the U.N. trucking treaty TIR Convention on Monday, a major step in the country’s plan to boost trade and stimulate economic development.
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Egypt’s real GDP growth may slow down to 3% in 2021, rebound to 4.9% in 2022: AfDB
Egypt is expected to see a slowdown in its real GDP growth of three percent in 2021, down from the 3.6 percent in 2020, before rebounding to 4.9 percent in 2022, according to the African Development…
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Egypt will be organising exhibitions for MSMEs as often as possible
Egypt is keen to continue organising exhibitions for micro, small and medium sized enterprises (MSMEs), Eexecutive Director of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), …
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Egypt provides continued opportunities for US business community: Egyptian Ambassador
Egypt is continuously providing an abundance of opportunities in every sector of its diverse economy to foreign investors, according to Motaz Zahran, the country’s Ambassador to the US.
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