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Egypt’s trade deficit narrows 28% in June – CAPMAS
Egypt's balance of trade deficit shrank by 27.8% to $2.94 billion in June, compared to $4.07 billion in the same month a year earlier,according to recent data from the Central Agency for Public…
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CBE likely to fix interest rate in next meeting – HC Securities
The Central Bank of Egypt (CBE) is expected to leave interest rates unchanged in its next meeting on Thursday, 16 September, according to a research note issued by HC Securities & Investment on…
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Agricultural Bank offers new facilities in ‘Bab Rizq’ microfinance programme
The Agricultural Bank of Egypt (ABE) has announced the provision of new facilities to the beneficiaries of “Bab Rizq” microfinance programme, as part of the Central Bank of Egypt’s (CBE) initiative to…
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Egypt’s annual headline inflation rises to 6.4% in August
Egypt's annual headline inflation rate registered 6.4% in August, up from 3.6% in the same month in 2020, official data showed.
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Forecast for Egypt’s hotel occupancy is still bullish, Colliers International
Colliers International maintained its optimistic forecast for Egypt’s hotel occupancy in its September report on MENA hotels.
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Egypt’s ongoing international cooperation portfolio amounts to $25bn: Al-Mashat
The ongoing international cooperation portfolio in Egypt currently amounts to about $25bn, according to Minister of International Cooperation, Rania Al-Mashat.
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IFC loans BCI Holding $30mn to expand Egypt, Algeria, Nigeria outputs
The International Financial Corporation (IFC), a member of the World Bank Group, announced it will offer a $30 million loan for BCI Holding SA Group to help the company expand its production in…
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Egypt plans to get state-run IPO programme back on track by year-end: minister
Egypt expects to restart the delayed IPO programme to list or sell additional stakes in over 20 state-owned companies by the end of the year, Planning Minister Hala al-Saeed told Bloomberg on…
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Egypt-Oman trade exchange posts $500m
Trade exchange between Egypt and Oman amounted to $500 million, according to The Egyptian Minister of Trade and Industry, Nevine Gamea.
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Jordan hosts energy meeting to discuss transporting Egyptian gas to Lebanon
Jordan is hosting on Wednesday a meeting for energy ministers of Egypt, Syria, and Lebanon to discuss the transportation of Egyptian gas to Lebanon for electricity generation, state-owned broadcaster…
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