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Financial Regulator approves 3 companies’ listing on EGX with fair value exceeding EGP 4bn
The Financial Regulatory Authority (FRA) has approved the listing of three companies on the Egyptian Exchange (EGX), according to FRA Chairperson Mohamed Omran.
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Egypt’s Central Bank extends cancellation of ATM cash withdraw fees
The Central Bank of Egypt announced Thursday a cancellation of cash withdrawal fees from ATMs until June 30, as part of measures to facilitate the customer transactions from different banks.
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Eni signs new deal to invest $1bn in Egypt’s oil sector
Egypt announced it concluded an agreement with the Italian company Eni to explore for oil in the Gulf of Suez and Nile Delta, with a total investment of not less than one billion dollars.
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Egypt’s iron, steel exports hit $1.49bn in 10M
Egypt's exports of iron and steel have amounted to $1.49 billion in the first ten months (10M) of 2021, up by around 189% year-on-year (YoY) from $516 million, according to local press
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Fawry to establish consumer finance company with EGP 10m initial capital
Fawry for Banking Technology and Electronic Payments will establish a consumer finance company, Fawry Consumer Finance, with an initial capital of EGP 10 million
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Egypt’s portfolio in Asian Infrastructure Investment Bank exceeds $1bn
Egypt's portfolio in the Asian Infrastructure Investment Bank (AIIB) has surpassed $1 billion, according to the bank's Vice President, Konstantin Limitovskiy.
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Oriental Weavers Carpet eyes $15m investments in 2022
Oriental Weavers Carpet targets $15 million investments as part of the company's plan for 2022.
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Egypt, World Bank discuss extending Country Partnership Framework
Rania Al-Mashat, Minister of International Cooperation and Governor of Egypt at the World Bank Group, has met with the team responsible for the World Bank’s Development Policy Financing (DPF) loan…
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CIB signs PRB Commitment to Financial Health and Inclusion
The Commercial International Bank (CIB) is one of 28 international founding signatory banks to the first ever “Commitment to Financial Health and Inclusion,” under the Principles of Responsible…
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NBE, Misr Life Insurance launch new investment fund
The National Bank of Egypt (NBE) and Misr Life Insurance, one of the Misr Insurance Holding companies, launched the “Al-Ahly Life” investment fund under the management of Al-Ahly Financial Investment…
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