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Egypt reviews plans to cope with Ukraine crisis’ impact
Egypt has reviewed plans to deal with the economic impacts of the Russia-Ukraine crisis that the country will possibly face, including on wheat imports, the flow of tourism, and petroleum prices.
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HSBC, Citi among banks selected for Egypt’s First Islamic Bonds
Egypt has reportedly appointed six international banks to manage its maiden $ 2 billion sovereign sukuk issuance, Bloomberg reports, citing unnamed sources it says have knowledge of the matter.
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Sawiris urges Egypt to stock more wheat as Russia-Ukraine crisis deepens
Business tycoon Naguib Sawiris urged authorities in Egypt to buy and stock more quantities of wheat as Europe’s eastern flank is on the brink of war after Russia ordered troops into breakaway regions…
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Russia green lights a “special military operation” in Donbass as crisis deepens
Russian President Vladimir Putin on Thursday authorized “a special military operation” in the Donbass region, and Ukraine confirmed that military targets across the country were under attack.
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Dow futures, Asian markets nosedived as Russia invades Ukraine
Asian markets and US stock futures plunged on Thursday as Russian President Vladimir Putin announced a military operation in the Donbas region of Ukraine.
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Egypt ranks 1st in fish farming in Africa, Agriculture Minister
Egypt has great experience and successful experiences in the field of livestock and fisheries, as it ranks first in fish farming in Africa, sixth in the world and third in tilapia production…
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Porto Group changes company name, launches new brands
Porto Group Holding has changed the company's name to Arab Developers Holdings and launched two new brands.
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Trade exchange bet. Egypt, Kuwait to $1.6B in 11 months
Trade exchange between Egypt and Kuwait decreased 13.3 percent, to $1.6 billion during the first 11 months of 2021, compared to $1.9 billion during the same period in 2020, according to the Central…
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Egypt-Sudan electricity linkage will be corridor for energy transmission to Africa, Europe
The Egyptian Electricity Transmission Company started developing and raising the capacity of the first phase of the electrical interconnection line between Egypt and Sudan from 80 MW to 300 MW, at a…
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saib achieves pre-provision, tax profit of $68.9m in 2021
Societe Arabe Internationale de Banque (SAIB) reported a 2% decrease in its net profits after tax to $19.9 million in 2021, compared to $20.44 million in 2020.
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