News
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Egypt’s ILLA raises $2M to diversify its offerings to FMCG value chain
ILLA is an Egyptian startup that provides full-stack delivery solutions to corporates and small businesses in the FMCG sector
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Egypt's exports to Spain hike 69.1% in H1 of 2021
Egyptian exports in the first half of 2021 were topped by cast iron and iron and steel with an increase of 472.4% at a value of €145.3 million.
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Mashreq Bank signs partnership with Visa
Latest partnership aligned with Egypt’s ambitious strategy to encourage electronic payments ecosystem in country.
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Int'l financial institutions should assume bigger role
They need to provide more funding for mega infrastructure projects through soft loans and blended and innovative financing.
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Egypt ready for digital banks
Technological structure in Egypt meets needs of digital banks that provide services with ease: Stakeholders.
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CBE announces Thursday, October 21 official holiday
October 21 will be off as official holiday on the occasion of the Prophet’s birthday, and that work will be resumed Sunday morning, October 24.
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Egypt’s budget for healthcare sector continuously on the rise
The government is continuously increasing the budget of the healthcare sector, said Minister of Finance Mohamed Maait on Saturday.
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Credit Agricole Egypt allocates EGP 200m to finance medical sector
In an official ceremony, UltraTeb was launched as the first electronic platform for providing medical supplies, with innovative bank financing.
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Egypt, Greece sign MoU for electrical interconnection
The MoU was signed by the Egyptian Ministry of Electricity and the Ministry of Environment and Energy of Greece.
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World Bank working on various programs in Egypt
The World Bank do vaccination programs in many of the countries, and we've worked with and encouraged Egypt in contracting, said the WBG’s President.
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Egypt to develop green hydrogen facility
Scatec will build, operate and majority own the 50-100MW green hydrogen facility as feedstock for green ammonia production.
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Egypt, IFC sign agreement to facilitate women access to financing
International Finance Corporation and the National Council for Women signed at the Ministry of International Cooperation, to support women empowerment
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Egypt's government gross debt to hit 91.4% of GDP in 2021
The International Monetary Fund (IMF) projected Egypt’s government gross debt to hit 91.4 percent of its GDP in 2021, up from the 89.8% in 2020.
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Orange Egypt sponsors 5th edition of ‘El Gouna Film Festival’
The festival will take place from the 14th to 22nd of October at El Gouna Conference and Culture Center in Hurghada
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Egypt signs 2 agreements setting up 500MW wind farm in Suez
The efforts come as part of the ministry's strategy to produce 42% of electricity from renewable sources by 2035.
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Egypt to join JP Morgan bond index for emerging markets
Egypt is set to join JP Morgan’s GBI index for emerging markets as of the end of January 2022, JP Morgan announced.
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Suez Canal ranks 2nd among largest logistics companies in Middle East
Osama Rabie confirmed that the selection of the Suez Canal Authority is a culmination of the authority's efforts and success in overcoming challenges.
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Orascom Development’s real estate sales increase 43.4%
El Gouna records 72.5% increase in net real estate sales to EGP 3.05bn in 9M 2021.
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Egypt, Yemen discuss economic cooperation
Egypt’s Minister of International Cooperation Rania A. Al-Mashat met with Yemen’s Minister of Planning and International Cooperation.
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Egypt’s annual inflation highest since December 2020
Egypt’s headline annual inflation rose to eight percent in September, up from 3.3 percent in the same month of 2020 and 6.4 percent in August 2021.