News
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A greener economy on World Environment Day
Egypt celebrates this year’s World Environment Day on the 50th anniversary of the first UN conference on the environment.
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HSBC pledges EGP 1bn in loans for tech entrepreneurs
New pledge is HSBC’s third high growth SME lending proposition in 6 months.
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Egypt business delegation in Qatar to boost investments
Abdel Wahab and the Qatari Businessmen Association agreed to coordinate mutual visits to discover investment opportunities.
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Egypt’s international reserves down in May
Egypt’s net international reserves (NIRs) dropped in May to $35.5 billion, down from $37 billion posted in April.
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CBE to issue $540m worth treasury bills
New issuance’s proceeds will be pay off previous bid that was put forward on 8 June 2021.
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Egypt-ICF supports unified vision for green transition in Africa
This came during Mashat's participation in the annual meetings of the Islamic Development Bank Group held in Sharm El Sheikh.
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India and Egypt in talks to exchange wheat for fertiliser
Egypt's supply minister said he met with the Indian ambassador to go over a possible deal for 500,000 tons of wheat.
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Egypt, Qatar affirm importance of boosting cooperation
Egypt’s Finance Minister Mohamed Maait and his Qatari counterpart Ali bin Ahmed Al-Kawary affirmed the importance of boosting bilateral cooperation.
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Egypt raises customs dollar exchange rate to EGP 18.64
The Ministry of Finance raised the customs dollar exchange rate to EGP 18.64 from EGP 17 starting Wednesday's transaction.
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Egypt-Poland trade exchange grows 20%
In 2021, Egypt’s commodities exports to the world rose by 27% YoY to $32.3 billion, hitting record highs.
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Egypt hosts IsDB’s annual meetings for first time since 1990s
The annual meetings of the Islamic Development Bank (IsDB) Group kicked off on Wednesday in Sharm El-Sheikh, Egypt hosts for 1st time since 1991.
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Egypt’s economy is expected to grow by 6.2%
Egyptian Prime Minister Mostafa Madbouly said on Saturday that Egypt’s economy is expected to grow by 6.2 percent during the 2021-2022 fiscal year.
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Jordan, UAE, Egypt launch industrial partnership for $10 bn
The partnership, which seeks to boost industrial cooperation between the three countries, aims at implementing joint investments and projects.
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Siemens Mobility wins $8.7bn high-speed rail deal in Egypt
Egypt signed a contract with Siemens and consortium to build about 2,000 kilometres of high-speed railways.
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Trade exchange between Egypt, UAE reached $3.6 billion in 2021
Minister Madbouli headed a high-level delegation on Saturday to the Emirati capital to meet with Emirati investors.
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“Egypt Welcomes Its Guests” campaign echoes
The campaign targets Kazakhstan, Algeria, Saudi Arabia, Kuwait, UAE, South Africa, Azerbaijan, Georgia, and Armenia, and has a reach of 60 million.
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Egyptian health and wellness platform Esaal raises $1.7M to scale across MENA
Esaal isn’t only in the business of consultations on physical health,It also addresses problems in other segments, such as mental health and nutrition
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Egypt’s private sector to sell $120m-200m in green bonds
The government is looking actively to fund a series of mega projects announced over the last few years.
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Al-Baraka Bank in Egypt to inject $6m to develop technological infrastructure
The bank’s market share ranges between 12 percent and 15 percent of the Islamic banking sector.
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Egypt’s exports up by 20% Y-o-Y in 1Q 2022
Egypt’s exports increased by 20 percent in the first quarter (1Q) of 2022, compared to the same period in 2021, despite the global crises.