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Egypt’s exports to Saudi Arabia hit $1.99B during 2021
Egypt’s exports to Saudi Arabia rose 17.4 percent during 2021 on an annual basis, to record about $1.99 billion, compared to about $1.69 billion in 2020, according to the Minister of Trade and…
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Egypt, IFAD discuss cooperation in organising COP 27
Egypt and International Fund for Agricultural Development (IFAD) discussed opportunities for coordination and cooperation within the framework of Egypt’s hosting of the Conference of Parties on…
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CBE says Banking system shows strong recovery indicators from COVID-19 repercussions in 2021
The Central Bank of Egypt (CBE) announced last week the most prominent financial safety indicators for banks operating in the Egyptian market in 2021.
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Oriental Weavers Carpet will add 4 new sales branches to its portfolio
Oriental Weavers Carpet will be establishing four new sales branches in Egypt after getting its board approval.
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Egypt in talks with IMF to secure possible funding amid Ukrainian war, sources
Egypt is holding discussions with the International Monetary Fund (IMF) to secure support that could include a loan amid the rising pressure of the Ukrainian war on the country's economy, sources told…
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El Nasr Automotive, NATCO to establish Egypt’s 1st electric vehicle distributor
El Nasr Automotive Manufacturing Co has signed an agreement with the National Automotive Company (NATCO) to establish the first electric vehicle distributor in Egypt with an issued capital of EGP 500…
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Swvl to debut on Nasdaq after obtaining approval of Queen’s Gambit shareholders
Swvl for mass transportation solutions is awaiting approval from Queen’s Gambit shareholders to list its shares on the Nasdaq Stock Exchange on 31 March.
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Egypt, Cameroon discuss developing economic relations
Egypt’s Minister of International Cooperation, Rania Al-Mashat, has met with Minister of Economy, Planning, and Regional Development for Cameroon, Alamine Ousmane Mey, as part of his visit to Egypt to…
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Saudi Arabia to launch public investment fund in Egypt
Egypt and Saudi Arabia signed an agreement to to establish Saudi Public Investment Fund in Egypt.
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Electricity min., AfDB discuss fostering renewable energy cooperation
Minister of Electricity and Renewable Energy Mohamed Shaker said Egypt continues to exert efforts to act as a transit corridor for the clear energy that the African continent enjoys.
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