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Egypt’s ongoing cooperation portfolio with Kuwait Fund amounts to $1.5bn
Egypt's Minister of International Cooperation, Rania El-Mashat, met with the Director General of the Kuwait Fund for Arab Economic Development (KFAED), Marwan Al Ghanim, to explore the possible means…
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Egypt’s MSMEDA allocates EGP 1bn for innovative businesses
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) has allocated EGP 1 billion for innovative businesses, Deputy Chairman Tarek Shashsaid according to local press.
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Egypt exerts increasing efforts to develop exports, open new markets: El-Araby
Egypt has started a series of extensive moves to integrate with the government’s efforts to provide opportunities for small and medium enterprises (SMes) to reach international markets, according to…
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NBE, Banque Misr, Banque du Caire to launch EGP 1bn fintech fund
The National Bank of Egypt (NBE), Banque Misr, and Banque du Caire are planning to launch a fund to support financial technology startups with a minimum capital of EGP 1 billion in October, according…
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Palm Hills Developments inks EGP 2.5bn syndicated loan deal with Banqur Misr, NBE
Palm Hills Developments announced that its wholly-owned subsidiary Palm Hills for Investments and Real Estate Development signed a syndicated loan agreement worth EGP 2.5 billion with Banque Misr and…
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CBE gives the green light to mobile contactless payments
The Central Bank of Egypt (CBE) approved the provision of licences for contactless payments through mobile phones as part of the government's strategy to support financial inclusion and digital…
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Shell sells Western Desert assets in Egypt to Cheiron Petroleum, Cairn Energy
Shell Egypt and Shell Austria, subsidiaries of Royal Dutch Shell, have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of subsidiaries of Cheiron…
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Nasser Alshaali appointed Chairman of HSBC Bank Egypt
Nasser Alshaali has been appointed Chairman of the Board of HSBC Bank Egypt S.A.E. (HSBC Egypt) with effect from 22 September 2021.
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Bloggers, vloggers in Egypt asked to register for income tax
Egypt has obliged all online content creators (bloggers and vloggers) working in the country, are required to register for income tax, according to Chairperson of the Egyptian Tax Authority (ETA),…
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Egypt plans to issue three-tranche dollar-denominated bonds
Egypt is planning to issue its second dollar-denominated bonds in 2021 on Thursday, in a bid to take advantage of low borrowing costs before the US Federal Reserve decides to reduce its monetary…
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