Browsing Category
Main
FRA launches initiative to merge informal businesses into formal economy
Egypt’s Financial Regulatory Authority (FRA) introduced an initiative that aims to merge informal economic activities into the formal economy through using digital payment instruments
Read More...
Read More...
Egypt’s Chemical Industries Export Council urges reconsideration of gas pricing
The Egyptian Chemical Industries Export Council has called on the Egyptian government to reconsider the pricing of natural gas for industrial use, according to the council’s Chairperson Khaled Abul…
Read More...
Read More...
Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
The Egyptian pound recorded a rise of 30.8 piasters against the US dollar during 2020, despite the severe economic effects of the novel coronavirus (COVID-19) crisis.
Read More...
Read More...
CBE extends two debt relief initiatives for six months
The Central Bank of Egypt (CBE) decided to extend two initiatives to relieve the debt for defaulting companies and tourism businesses for a six-month period ending on 30 June 2021.
Read More...
Read More...
AfCFTA opens doors for Egyptian products in African markets
The African Continental Free Trade Area (AfCFTA) has seen light at the beginning of the new year 2021 after a delay of several months due to the novel coronavirus (COVID-19) outbreak.
Read More...
Read More...
CIB unique among Egyptian banks regarding environmental transparency
The Commercial International Bank (CIB) announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through the Carbon Disclosure Project (CDP).
Read More...
Read More...
Fawry’s shareholders approve capital raise, EGP 160m loan deal
The ordinary general meeting (OGM) Fawry for Banking Technology and Electronic Payments approved a loan agreement worth EGP 160 million between its subsidiary Fawry Microfinance Co and the…
Read More...
Read More...
GB Lease completes EGP 2.01bn securitised bond offering
Ghabbour Auto (GB Auto) said that its subsidiary GB Lease concluded its second securitised bond offering at a value of 2.041 billion Egyptian pounds.
Read More...
Read More...
African free trade bloc opens for business, but challenges remain
African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic.
Read More...
Read More...
Microfinance in Egypt has seen a 7% growth in Q3 2020
The value of microfinance in Egypt grew by seven percent recording 42.7 billion Egyptian pounds during the third quarter of 2020 compared to Q2 of the same year, according to the Chairperson of the…
Read More...
Read More...