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Egypt establishes electronic system to track goods until customs release
The Egyptian Ministry of Finance confirmed that the state succeeded in establishing an electronic system to track goods until the final customs release stage, for the first time in Egypt.
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Agricultural Bank aims to reach 35 million customers with its services: Farouk
Agricultural Bank of Egypt (ABE) aims to build a distinctive brand, change the old brand image, and reach out to new customers according to its Chairperson Alaa Farouk
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Egypt achieves $1.9bn balance of payments surplus
The Egyptian Cabinet’s Information and Decision Support Center (IDSC) indicated that Egypt’s balance of payments achieved a $1.9bn surplus in fiscal year (FY) 2020/21.
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Telecom Egypt obtains $500m medium-term syndicated loan
Telecom Egypt has signed a new $500 million medium-term syndicated loan deal in order to strengthen its capital expenditure and refinance existing short-term facilities.
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CIRA, Al Ahly Capital Holding ink deal to set up new educational services firm
Cairo for Investment and Real Estate Development (CIRA) has signed a partnership and investment management agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of…
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Egypt’s non-oil exports rise to $2.6bn in September
Egypt's non-oil exports increased by $349 million or 16% to $2.560 billion in September, compared to $2.212 billion in the same month a year earlier, the Minister of Trade and Industry, Nevine Gamea,…
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EGX announces new rules for temporary trading suspension limit
The Egyptian Exchange (EGX) announced new rules under which trading will be temporarily halted when the EGX100 EWI moves up or down by 10% within the day’s trading session, compared to a previous…
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Fitch maintains Egypt’s rating at B+; outlook stable
Fitch Ratings has maintained Egypt's long-term foreign-currency issuer default rating (IDR) at 'B+' with a stable outlook.
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Egypt’s food exports to Iraq hit $84m in eight months
Egypt's food exports to Iraq rose by 1% to $84.2 million in the first eight months of 2021, compared to $83.7 million in the year-ago period, according to the Deputy Executive Director of the Egyptian…
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Digital Egypt Fund gets approval from Egyptian Cabinet
Egypt’s digital transformation drive is looking to get a boost after the Madbouly Cabinet approved a draft law to establish the Digital Egypt Fund in its weekly meeting yesterday, according to a…
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