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Egypt’s food exports seen a growth of 14% in seven months
Egypt’s food exports have surged by 14% or $297 million during the period from January until July 2021, according to a statement by Food Export Council.
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Egypt to build 317 industrial complexes as part of Decent Life initiative
Egypt’s Trade Ministry is on course to build 317 small-scale industrial complexes across 17 villages nationwide, as part of the state’s Decent Life initiative, Minister Nevine Gamea told Sada El Balad…
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Egypt’s payment portal myFawry placed at top of Forbes Middle East Fintech apps list
The Egyptian payment portal myFawry has been placed in the first position in the list with more than 1.6 million downloads in 2020, followed by the UAE-based Al Ansari Exchange Mobile App and Kuwait's…
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Banque du Caire posts EGP 1.8bn profit in H1-21
Banque du Caire reported standalone net profits at EGP 1.8 billion in the first half (H1) of 2021, up by 7% year-on-year (YoY) from EGP 1.7 billion.
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Housing Bank logs over EGP 1bn in consolidated profit in H1-21
Housing and Development Bank (HD Bank) reported consolidated net profits of EGP 1.004 billion in the first half (H1) of 2021, down by 5.6% year-on-year (YoY) from EGP 1.064 billion, including minority…
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CBE approves aiBANK takeover by EFG Hermes, Sovereign Fund
The Central Bank of Egypt (CBE) approved the acquisition of 76% of Arab Investment Bank (aiBANK) by the sub-fund for financial services and digital transformation owned by The Sovereign Fund of Egypt…
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Egypt’s Tourism Minister, US Ambassador inaugurate renovated caravansary in Luxor
US Ambassador in Cairo Jonathan Cohen visited Luxor’s Esna city, on Sunday, accompanied by Egypt’s Minister of Tourism and Antiquities Khaled El-Anany and Luxor Governor Mostafa Alham to inaugurate…
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Egypt’s Agricultural Bank expands ‘Bab Rizq’ microfinance programme to 86 villages in Sohag
Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), has announced that the bank is expanding in financing micro projects in Sohag as part of Bab Rizk programme.
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France will be delivering 10 million vaccines to Africa
African Union Member States will receive an additional 10 million doses of Astra Zeneca and Pfizer COVID-19 vaccines over the next three months through a new partnership between the French government…
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Cabinet OKs Egypt’s membership in Africa Finance Corporation
Egypt is one step closer to becoming a member of the Africa Finance Corporation (AFC) after the cabinet approved plans to join the multilateral lender in its weekly meeting last Thursday.
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