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Egypt’s net foreign reserves rise to $40.825 billion in September
Egypt’s net foreign reserves rose to $40.825 billion at the end of September from $40.672 billion at the end of August, a central bank provisional data showed on Monday.
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EFG Hermes, Microsoft collaborate to accelerate digital transformation
EFG Hermes announced a strategic cloud partnership with Microsoft to accelerate its digital transformation and enhance innovation in the financial services industry.
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EFG Hermes is Joint Bookrunner on ADNOC Drilling’s USD 1.1 billion IPO on the ADX
EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), announced touday that its Investment Banking division successfully completed advisory to Abu Dhabi National…
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Egypt pays EGP 875m in export subsidies to 456 companies
The Export Development Fund issued 338 export certificates under the third phase of the immediate disbursement of export subsidies initiative among the export support programme, The Minister of Trade…
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Egypt secures EUR 100 mn funding from France to establish a wholesale market
Egypt has secured EUR 100 mn funding from France to establish a wholesale market in Borg El Arab, the Supply Ministry said in a statement following a visit to France by Minister Ali Moselhy on Friday.
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EFG Hermes has, once again, topped the EGX’s brokerage league table
Financial Brokerage Group has occupied first place among Egypt’s brokerage companies in the first nine months (9M) of 2021, with a substantial trading value of EGP 81.5bn, accounting for 12.1% of the…
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CBE obliges banks to improve access for people with disabilities
Banking for people with disabilities can be very challenging if bank facilities aren’t accessible. To improve access for people with disabilities and achieve financial inclusion
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SAIB arranges syndicated loan of EGP1.2b for Kharafi National’s infrastructure projects
SAIB Bank has signed a medium-term syndicated loan of EGP 1.2bln for Kharafi National’s infrastructure development with the participation of four other banks.
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Egypt’s marble exports up to $200M in 8 months
The Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM) announced an increase in the marble and granite exports in the period between January and August 2021.
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Egypt’s exports to Zambia reach $15M in 2020
Egypt’s exports to Zambia reached $15 million during 2020, according to head of the Egyptian Commercial Office in the Zambian capital, Lusaka Mohamed Abdullah.
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