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Egypt’s EFG Hermes in talks to buy stake in Spain’s Ignis – paper
Cairo-based investment bank and financial group EFG Hermes is in talks to buy a stake in privately held Spanish power generation company Ignis Energia, Expansion newspaper reported on Thursday.
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Mercedes to supply Egypt with 2,510 ambulances worth EGP 3bn
The German auto manufacturer, Mercedes-Benz Vans, agreed to supply Egypt with 2,510 ambulances and mobile medical clinics at a cost of over EGP 3 billion as part of the national project for rural…
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Egypt’s debt-to-GDP ratio lower than many European countries – Maait
Egypt is keen on enhancing the engagement of local and foreign private-sector companies in supporting the national development plans, according to Egyptian Minister of Finance, Mohamed Maait.
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Banque Misr completes largest syndicated loan worth $1bn
Banque Misr has finalised its largest syndicated term facility with a medium-term loan worth $1 billion to finance various projects and contribute to sustainable development, according to a recent…
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Egypt’s iron and steel exports jump 197% in 8 months
Egypt’s iron and steel exports in the first eight months of 2021 have jumped 197 percent to $1.097 billion, from $369 million in the same period last year
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National Bank of Egypt wins licence to open Saudi Arabia branch
Saudi Arabia’s Cabinet approved on Tuesday a licence for the state-run National Bank of Egypt (NBE) to open a branch in the kingdom, Saudi state news agency SPA reported.
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Trade exchange bet. Egypt, Brazil records $1.3B during 1st of 2021
Trade exchange between Egypt and Brazil increased 22.9 percent, to record $1.3 billion during the first half of 2021, compared to $1 billion during the same period in 2020, according to data from the…
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Egypt named as most attractive African countries for investments, Rand Merchant Bank
South Africa’s Rand Merchant Bank has named Egypt the most attractive African country for investment in a report.
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Egypt’s manufacturing, extractives index declines 12% in July
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the country saw a 12.9% decrease in its manufacturing and extractives index in July 2021
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Cotton to trade on Egypt’s commodity exchange in 2022
Egypt's Minister of Public Business Sector, Hisham Tawfik, said that cotton will be traded on the commodity exchange starting from 2022.
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