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EFG Hermes Pakistan Named Best International Brokerage Firm in 2021
EFG Hermes Pakistan, a subsidiary of EFG Hermes Holding, announced today that it has been named Best International Brokerage Firm in Pakistan for the first time in the 32nd annual Asiamoney Brokers…
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Egypt is restructuring several military-owned firms to list them on EGX, PM
The Egyptian government aims to float several companies on the Egyptian Stock Exchange during the next year, including companies affiliated to the Armed Forces that operate in the civilian economic…
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Egypt secures $10.27bn development financing for economic sectors in 2021
The Egyptian Ministry of International Cooperation has secured around $10.27 billion of development financing for various economic sectors in the country during 2021.
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CBE reveals developments in commodity prices in 2021
Egypt’s annual urban inflation increased to 5.9% in December 2021 from 5.6% in November 2021, according to a report released by the Central Bank of Egypt (CBE).
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SCZone to launch bunkering, marine services within coming months
Egypt's Suez Canal Economic Zone (SCZone) announced that the authority is putting the final touches to activate bunkering and marine services in the economic zone within the coming months, according…
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AfCFTA, partners launch cross-border payment system to boost intra-African trade
The African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners launched the Pan-African Payment and Settlement System (PAPSS) in a bid to boost…
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Egyptian banks’ VRs under pressure if foreign assets drop: Fitch Ratings
Egyptian banks’ Viability Ratings (VRs) could come under pressure if the banks’ foreign assets continue to drop, Fitch Ratings said in recent report
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Egypt records $31bn exports in 2021
The total value of Egypt's exports has exceeded $31 billion in 2021, the Egyptian Minister of Trade and Industry, Nevine Gamea, announced on Sunday.
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Egypt to receive requests from exporters for arrears on 30 January, disbursements in April
Egypt’s Ministry of Finance will open submissions for the second round of the fourth phase of the initiative to repay exporters’ arrears from 30 January to 10 February, Minister of Finance Mohamed…
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EIB, AFD to sign €300 mln loan for Egypt rail project this quarter: sources
Egypt is expected to sign a €300 million ($342.7 million) loan agreement with the European Investment Bank (EIB) and the French Development Agency (AFD) within this quarter to finance the Tanta-El…
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