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Egypt’s GASC seeks soyoil, sunflower oil
The arrival period for the local vegetable oils would be July 16-August 5.
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Egypt’s cooperation in oil sector records $1.12bn
Egypt’s Ministry of International Cooperation's development cooperation portfolio includes six projects in the petroleum sector.
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Egypt’s FY2021/22 draft budget key highlights, targets
Egypt's FY2021/22 comes amid expectations that Egypt will approach its pre-pandemic growth levels, following a notable slowdown in its real GDP growth
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Egypt’s economy set for a rebound in 2022
Egypt’s main sources of foreign exchange will remain under pressure as tourism and Suez Canal receipts still struggle amid the pandemic.
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Top 10 Global consumer trends of 2021
COVID-19 changed the ways consumers think and behave. Businesses need to cater to this and offer products and services that adapt to the new reality.
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Egypt acting to transform to green economy
An ambitious plan has been outlined to implement 691 environment-friendly projects in the fields of energy, renewable energy, water and transport.
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The Best Bitcoin Trading Tactics
When it comes to establishing the process of your crypto trading journey there are several things that you will have to look into.
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NBE grants Maxim Development EGP 450m
The money is to speed Bo Sidi Abdel Rahman operations as Maxim Development plans to deliver more than 1,200 units in 2021.
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Egypt’s foreign currency deposits declines to EGP 644.4 mln
The data showed that domestic liquidity in the Egyptian market rose to EGP 5.1 billion by the end of March, up from EGP 5 billion in February.
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89% of Decent Life initiative's budget to Upper Egypt
89% of the budget disbursed within the first phase of Decent Life initiative was directed to Upper Egypt so as 334 out of 375 villages get 8.5EGP bln.
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Egypt’s Al-Sisi, Hyundai Rotem CEO discuss localising train industry
Yong-Bae Lee expressed his company’s intention to benefit from promising investment opportunities in Egyptian economy.
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Trade exchange bet. Egypt, Jordan rises to $6.63M in 2020
Abboud explained that Egypt's exports to Jordan rose by 12.2 percent during 2020, reaching $ 495.4 million, compared to $ 441.5 million in 2019.
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Egypt economy pandemic losses top $23.6bn, eyeing 7% growth over next three years
Finance minister Mohamed Maait also revealed the country’s deficit for the current fiscal year is about 500 billion Egyptian pounds.
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Egypt targeting 5.4% real GDP growth, budget deficit decrease to 6.7% in FY2021/2022
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait.
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International partnerships on SMEs
International donor agencies are helping small and medium-sized enterprises in Egypt to alleviate poverty and reduce unemployment
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US-Egypt Business Council recommends ‘4 Big Ideas’ on bilateral economic ties
Egypt’s energy sector has seen tremendous development in recent years, continues to be major contributor to GDP growth.
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Egypt, the Netherlands cooperate to support young entrepreneurs
Orange Corners Egypt provides young Egyptian entrepreneurs with the facilities to grow innovative businesses.
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Egypt's Kom Ombo solar plant signs US$ 114 million financing package
The new Kom Ombo plant will be located less than 20 km from Africa’s biggest solar park, the 1.8 GW Benban complex.
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EBRD President visits Egypt’s business accelerator, Falak Startups
Egyptian government’s efforts to catalyze digitization, innovation is in line with third pillar of EBRD’s new strategy: Al-Mashat.
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Egypt increases gasoline prices by 25 piasters per litre
The prices of industrial-use mazut and the diesel fuel were kept unchanged.
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Kremlin confirms agreement to fully resume flights between Russia, Egypt
Vladimir Putin and Abdel Fattah al-Sisi, that they agreed to fully resume flights between the airports, including Hurghada and Sharm ElSheikh.
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Insurer for Suez grounded ship appeals detention by Egypt
An insurer of the Ever Given cargo ship filed an appeal in an Egyptian court over the detention of the vessel by authorities.
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RDIF to produce over 40m Sputnik V doses in Egypt
RDIF and Minapharm will initially supply over 40 million doses per year. Production will take place in Minapharm's biotech facility in Cairo.
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The 6 CBE rules for issuing electronic currencies
The permission is only limited to banks under CBE supervision and upon its consent.
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Egypt to allocate EGP 1.25 tln for investments in FY2021/22
Investments directed to productive sectors will increase by 125%, for building up people will rise by 70%, and in service sector will go up 30%.
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Faisal Bank of Egypt’s business volume rises
Faisal Islamic Bank of Egypt (FAIT) levelled up 11.2% Year on Year (YoY) by the end of March 2021.
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Egypt, Hyundai to discuss car replacement initiative amid component shortages
Global producers such as GM, Ford, and Stellantis have witnessed production cuts due to shortages of semiconductor chips
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NBK-Egypt launches new corporate banking solution
The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest
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Coronavirus forces 15% of Alexandria restaurant owners to abandon business
The most hurt by the pandemic are the owners of large restaurants located in major commercial malls, whose rental value reaches about LE200,000 montly
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Taking Egyptian SMEs Online with the CBE Initiative
Egypt is a huge Middle Eastern economy with a population now reaching over 102.33 million, enjoying a period of relative macroeconomic stability.
