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Abu Qir Fertilisers studying establishment of a hydrogen production project
The Board of Directors of Abu Qir Fertilisers and Chemical Industries agreed to study the establishment of a project to produce hydrogen and green ammonia in coordination and cooperation with French…
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Egypt’s food exports to Russia, Ukraine hit $67M in 2021
Egypt’s food industry exports to Russia and Ukraine in 2021 amounted to about $67 million, representing 1.68 percent of the total Egyptian food exports amounting to $4.1 billion at the end of 2021.
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Egypt’s annual inflation rises to 10% in February – CAPMAS
Egypt's annual inflation rate jumped to 10% in February 2022, compared to 4.9% in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics…
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EFG Hermes signs EGP 600m sale, leaseback agreement with LMD real estate developer
EFG Hermes Corp-Solutions, a leasing and factoring subsidiary of EFG Hermes Holding, announced on Wednesday that it has signed a sale and leaseback agreement amounting to EGP 600m with LMD to finance…
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Africa moves toward regional integration through AfCFTA, Minister
Africa is expected to move toward regional integration through the African Continental Free Trade Area (AfCFTA) in order to create new opportunities for the companies and diversify African exports,…
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SCZone launches one-stop digital services for its investors
The Suez Canal Economic Zone (SCZone) is cooperating with the European Bank for Reconstruction and Development (EBRD) to launch the second phase of technical support provided by the bank during the…
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CIB issues 1st Ecological Footprint report in Africa
The Commercial International Bank (CIB) – Egypt has issued the first Ecological Footprint report in Africa, aiming to support the state’s transition to a green economy.
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‘Know your customer’ program enables people to open accounts online, CBE
The Central Bank of Egypt is now focusing efforts on launching "Know your customer" program, which enables people to open bank accounts online, according to Assistant Sub-Governor of the Central Bank…
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Egypt, UAE work on developing bilateral economic relations
Egypt’s Minister of Trade and Industry Nevine Gamea met with Ambassador of the UAE to Cairo Mariam Khalifa Al-Kaabi on Monday to discuss the latest economic developments regionally and globally.
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Misr Italia eyes EGP 700 mn securitisation bonds sale in 4Q 2022
Misr Italia Properties is looking to issue securitisation bonds worth EGP 700 mn during 4Q2022, Al Shorouk quoted CEO and Managing Director Mohamed Hany El Assal as saying.
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