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45 percent of the total funds provided to MSMEs were directed to women over the past seven years, amounting to about EGP 11.1bn in funding, according to Nevine Gamea — the Minister of Trade and…
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The financial inclusion rates in Egypt have increased by more than 110 percent over the past five years, rising from 27 percent in the end of 2016 to 56.2 percent by the end of 2021, according to…
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The International Monetary Fund (IMF) has not received any financing request from Egypt, a senior IMF official told CNBC Arabia on Tuesday.
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Egypt has granted funding worth around EGP 57 billion to micro-enterprises by the end of September 2021, compared to EGP 6.4 billion by the end of 2016,  according to the Deputy Governor of the…
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The extraordinary general meeting (EGM) of Palm Hills Developments has approved the issuance of a Sharia-compliant Sukuk worth EGP 3.25 billion, in cooperation with Tharwa Securitization Company.
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Egypt will ban the export of key staples, including wheat, flour, and lentils, a move aimed at safeguarding the country’s food reserves amid the fallout from Russia’s invasion of Ukraine.
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Egypt is “not yet” in discussions with the International Monetary Fund (IMF) over securing a new loan, the country’s Planning Minister Hala al-Saeed told Reuters.
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The volume of funds granted by the Egyptian banking sector to micro, small, and medium enterprises (MSMEs) exceeded EGP 400bn in 2021, Mohamed El-Etreby — the Head of the Federation of Egyptian Banks…
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Egypt’s external debt registered $137.4bn in September 2021, down by about $439.5m, compared to end-June 2021, according to the Central Bank of Egypt.
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The Egyptian economy has shown resilience in the face of the crises that have swept the entire globe over the past two years, affirmed Vice President for Policy and Partnerships at the European Bank…
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