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Egyptian citrus has a change to enter big markets in Far East
An expected dip in Spain and Turkey’s capacity for citrus exports has created a gap Egypt is primed to fill in Far East markets, including India, and more European countries, Gehan El Sheref, a…
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Industrial Development Bank discusses increasing support to industrial, export sectors
Egypt’s Minister of Trade and Industry Ministry and the Industrial Development Bank (IDB) held a meeting to discuss ways to maximise financing programmes provided by the bank to develop the…
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Egypt’s stocks may rebound on EM rally – Renaissance Capital
Strong rebound in equity inflows to emerging markets could spill over to Egypt leading to robust inflow recovery, Renaissance Capital’s head of MENA research Ahmed Hafez said in a note yesterday.
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Public sector ministry plans EGP 13bn upgrade for Egypt Aluminum
The Egyptian Ministry of Public Business Sector is planning to upgrade Egypt Aluminum at an estimated cost of 13 billion Egyptian pounds.The Egyptian Ministry of Public Business Sector is planning to…
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Egypt’s sovereign fund reportedly eying controlling stake in e-Finance
Sovereign Fund of Egypt is in talks to acquire part of the National Investment Bank’s 69 percent stake in state-owned e-payments platform e-Finance, local press reported on Sunday citing sources with…
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Ora Developers Egypt signs EGP 2.54 billion loan agreement
Ora Developers Egypt, part of Naguib Sawiris-led Ora Developers Group, signed a loan agreement with four banks for 2.54 billion Egyptian pounds ($161.5 million), Emirates NBD Egypt – one of the four…
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Egypt joins Netherlands, Malawi in supporting UK-led scheme to fight against climate change
Egypt is cooperating with the UK to push for practical measures to combat climate change.
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Nigeria’s number one lender, Access Bank, is looking at Egypt
Nigeria’s biggest lender, Access Bank, is looking to take advantage of the new African trade agreement and make an entrance into Egypt’s banking sector, the bank said in an online presentation cited…
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Personal loans dominate 77.5 % of NBE’s retail banking portfolio
The personal loans are at the forefront of the National Bank of Egypt’s (NBE) products, representing 77.5 percent of the bank’s total retail banking portfolio according to Vice Chairperson Yahia Aboul…
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Egypt’s NBE announces growth by 35% in its retail banking during 2020
Egyptian state-owned bank, National Bank of Egypt (NBE) revealed that its retail banking portfolio reached 123 billion Egyptian pounds at the end of December 2020, compared to 90.7 billion pounds in…
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