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Travel bans due to Omicron “hammer blow” to South Africa’s local economy recovery: official
Travel bans on South Africa due to the new Omicron coronavirus variant will be “devastating” for the provincial economy as the local government is seeking for a recovery on its key tourism sector from…
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Egypt’s exports increase 40% in 9 months
Egypt has exported goods worth a total of $29.7 billion during the first nine months of 2021.
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Orascom Financial Holding records EGP 54.5m profits by end-September
Orascom Financial Holding (OFH) has achieved EGP 54.58 million consolidated net profits since the company's establishment until 30 September 2021.
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Egypt’s agricultural exports amount 5.2 million tonnes in 11M 2021
Egypt’s agricultural exports amounted to about 5.2 million tonnes during the period from January to November 2021, recording an increase of about 600 tonnes from the same period last year, according…
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ADCB completes sale of 20% stake in Egypt’s Orient Takaful
Abu Dhabi Commercial Bank (ADCB) has completed the sale of its 20% stake in Egypt-based Orient Takaful to Orient Insurance Company.
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NBE launches ‘B2B’ e-payment service for corporates
The National Bank of Egypt (NBE) has launched, for the first time in the Egyptian banking market, its new electronic payment service for corporates, “B2B”, whether large, medium, or small wholesalers,…
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Egypt’s extractive industries index up 2% in September – CAPMAS
Egypt’s manufacturing and extractive industries index went up 2.2% to record a reading of 116.05 in September from 113.56 in August, according to official data on Thursday.
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Orascom Construction will be part of developing Egypt’s first green hydrogen production facility
Orascom Construction announced on Wednesday it had joined a consortium with Fertiglobe, Scatec, and the Sovereign Fund of Egypt (TSFE) to develop Egypt’s first ever green hydrogen production facility.
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CIB, IFC move forward with Green Bond programme
Commercial International Bank have approved the allocation of USD 70 mn in proceeds from its maiden green bond issuance to fund sustainable projects, the bank announced
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CBE announces multi-bn EGP lending program to modernize irrigation systems
The Central Bank of Egypt will help fund the government’s push to reduce the amount of water used by Egyptian agriculture, announcing a multi-bn EGP program to help farmers switch to modern, more…
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