News
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Khazenly raises $2.5m seed funding
Khazenly is an on-demand digital warehousing and fulfillment management platform that provides an omnichannel solution to help merchants digitize.
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Will Egypt be the locomotive of the African economy?
It operates on two levels; the first is to localize and develop basic industries, and the second is expanding into new markets.
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Egypt awards entrepreneurs, business startups
The main objective of the event is to celebrate those who are shaping today's economy and inspiring future generations to come.
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FAB Egypt completes merger of Bank Audi, to operate as FABMISR
First Abu Dhabi Bank (FAB) Egypt announced on Sunday the completion of their merger with Bank Audi Egypt.
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Egypt committed to supporting multilateral trading system
The WTO has an important role in developing international trade rates and value chains, and integrating developing and least developed countries.
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HSBC Egypt unveils $53.4m program for tech entrepreneurs
Priority is to companies with sustainable development integrated in their plans, in recognition of the UN Climate Change Conference (COP-27).
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Egypt’s annual inflation hits 15.3% in May: CAPMAS
Egypt’s annual inflation reached 15.3 percent in May, compared to 4.9 percent in the same month of 2021, CAPMAS.
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Egypt bets on cultural and sport tourism
The Gate Travel Expo, taking place from September 6 to 9 in Cairo, is expected to attract more than 10,000 visitors and 200 companies.
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NEPC Launches Trade House In Egypt
The Nigerian Export Promotion Council (NEPC) has launched a Trade House in Cairo, Egypt while targeting to launch such in seven other countries.
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Egypt’s Trade Minister participates in African Ministers of Trade meeting
It is essential to adopt a unified African position that preserves the common interests of the continent within the WTO: Trade Minister
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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.