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Egyptian pharmaceutical exports rise to 35% for first time in history
Egypt’s exports of medicines have risen unprecedently to 35 percent, for the first time in Egypt’s history, according to Tamer Essam, the Chairman of the Medicines Authority.
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Arab African Bank signs five-year bancassurance agreement with AXA Egypt
The Arab African International Bank (AAIB) announced on Wednesday the signing of a five-year bancassurance agreement with AXA Egypt, offering enhanced, outstanding insurance services to its customers.…
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World Bank predicts 5.5% GDP growth for Egypt in FY2021-2022…
The World Bank has revised upwards its prediction for Egypt’s GDP growth by 0.5 percentage points to 5.5% for FY2021-2022.
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EFG Hermes completes 1st securitisation bonds issuance worth EGP 300m for MNHD
EFG Hermes has announced that its Promotion and Underwriting Sector succeeded in completing the first issuance of securitisation bonds for Madinet Nasr Housing and Development (MNHD) with a value of…
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Afreximbank, NBE sign MoU to promote trade, investment flows into Egypt
The African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have signed a memorandum of understanding (MoU) at the Intra-African Trade Fair to promote trade and investment flows…
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Emirates NBD Egypt launches 4 new Auto Lending Programs
Emirates NBD Egypt has announced the launch of a bundle of auto lending programs. The diversified programs meet the customers’ different needs and requirements with the easiest and most convenient…
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QNB ALAHLI records standalone net profit of EGP7.4bn in 2021
QNB ALAHLI, the Egyptian unit of Qatar National Bank, posted a standalone net profit of 7.452 billion pounds at the end of 2021 from 7.398 billion pounds at the end of 2020 recording a 2 percent…
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CBE launches a new mechanism to provide emergency liquidity to banks
The Central Bank of Egypt has issued a circular that puts in place a mechanism under which it could in the future provide emergency liquidity to banks that request it.
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Egypt aims to nearly double annual exports by 2025
Egypt seeks to increase export revenues to $ 60 billion a year by the middle of the decade as part of plans to eventually reach USD 100 bn a year, Trade Minister Nevine Gamea said in a phone-in with…
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Egypt awards BP, ENI offshore gas exploration concession
Egypt has awarded BP and Eni a gas exploration concession in the eastern Mediterranean, the two companies announced in separate statements on Monday.
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