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Egypt’s PPMI approaches closer to growth as purchasing increases amid global inflation worries
Egypt’s non-oil private sector narrowed for a ninth month in a row in August, but its Purchasing Managers’ Index (PMI) inched closer to growth, a survey showed on Sunday.
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Elsewedy Electric’s unit inks $16.7m deal to build substation in Ghana
Elsewedy Electric Co announced that its 99.8%-owned subsidiary Elsewedy Electric for Transmission & Distribution of Energy signed an engineering, procurement, and construction (EPC) agreement…
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Afreximbank records solid financial performance despite pandemic
African Export-Import Bank (Afreximbank) has released its audited financial statements for the six months ended 30 June 2021, showing a solid performance, in line with expectations.
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Egyptian exports heading to Mercosur countries will be charged lower customs
Customs paid on some 6.9k goods heading to countries in the Mercosur trading bloc will be reduced by 10-12.5% in a move that will benefit exporters and make Egyptian products more competitive in…
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Egypt-South Korea launches online intellectual property management system
The Egyptian Patent Office (EGPO), in partnership with the Korea International Cooperation Agency (KOICA), has announced the launching of the new online Intellectual Property Management System on…
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Egypt’s M2 money supply increases 17.2% y-o-y in July – central bank
Egypt’s M2 money supply grew by 17.2 percent year-on-year in July, central bank statistics published on Tuesday showed.
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Egypt signs up for its first high-speed electric rail with Siemens-led alliance
Egypt has signed a 15-year contract worth $4.45 billion with a consortium led by German industrial group Siemens for a high-speed electric rail line to link its Red Sea and Mediterranean coasts.
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Trade Minister orders restructuring Egyptian side of Egypt-Nigeria Business Council
Egypt has decided to restructure the Egyptian side of the Egypt-Nigeria Business Council, with the new members’ tenure extending for three years effective from the date of publishing the decision in…
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Amazon inaugurates its first logistics centre in Egypt
Amazon inaugurated on Tuesday a logistics centre in Egypt as the global online shopping platform titan plans to launch Amazon.eg this year.
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Egypt’s consumption sector grows despite pandemic, Fitch
Fitch solutions said that the consumption sector in Egypt performed relatively well as compared to other markets in the world that were negatively affected by the COVID-19 pandemic.
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