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Al Baraka Bank-Egypt targets EGP 1.41bn profits in 2022
Al Baraka Bank-Egypt plans to achieve net profits of EGP 1.41 billion in 2022, as part of its budget plan, according to a bourse disclosure
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ADIB-Egypt launches ‘Xcite’ account to provide financial freedom for youth
ADIB-Egypt launched an activation campaign at a number of high profile universities in Cairo to reach out students at BUE and GUC on December 5th, followed by MSA and AAST between 12-15 December 2021,…
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We seek to provide attractive environment for local, foreign investments, Maait
The Egyptian government seeks to provide a stimulating and attractive environment for local and foreign investments to deepen its partnership with the private sector, especially with the developmental…
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EFG Hermes Closes Sixth EGP2bln Issuance for Premium International for Credit services
EFG Hermes’ investment banking division, the leading investment banking franchise in Frontier Emerging Markets (FEM), announced today that it has successfully closed the sixth issuance, worth EGP 170…
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27,000 importers, 68,000 foreign companies registered with Egypt’s ACI system since October
Egypt’s finance minister said that 27,000 importers have since October registered with the National Single Window for Foreign Trade Facilitation “Nafeza”, a government online platform that covers 95…
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Suez Canal Bank participates in 2 securitisation issuances worth EGP 200m
The Suez Canal Bank participated — with a value ranging from EGP 195m to EGP 200m — in the securitisation processes of two financial leasing and mortgage finance companies.
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Egypt’s readymade garment exports rise by 38% in 11M 2021
Egypt’s readymade garment and apparel exports increased by 38% from January to the end of November 2021, according to the Head of Readymade Garments Export Council of Egypt (RMGEC) Marie Louise.
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Egypt-disburses EGP 957 mn in support subsidies for exporting companies
Egypt’s Minister of Finance Mohamed Maait said that the government has distributed EGP 957.4 million in export subsidies to 455 exporting companies as part of the fourth phase of immediate payment…
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Egypt’s food exports hit $3.8bn in 11M
Egypt's food exports jumped by around 18% to $3.8 billion during the first eleven months (11M) of 2021, compared to $3.2 billion in the year-ago period according to local press
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Nigeria, South Africa, Egypt make up half of Africa’s $2.7trn economy
The economies of Nigeria, South Africa, and Egypt – make up about half of Africa’s economic output measured by Gross Domestic Product (GDP) in nominal terms.
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