News
-
Egypt's economy remains solid despite COVID-19
The minister's comments come on the back of a report issued by her ministry on Thursday that included analysis of developments indicators.
-
IMF discusses Egypt’s request for SBA loan
Egypt government requested a loan under the Stand-By Agreement (SBA).
-
Egypt Medical Bandage Market to Reach $19.12 million by 2026
Increase in road accidents, rise in geriatric population, and surge in demand for better healthcare infrastructure drove that growth.
-
Egypt’s records economic growth of 5%, lower than forecast
The report noted that Egypt’s economic growth rate in the 3Q is the best globally thanks to the economic diversity that helped get positive rates.
-
Egypt- COVID-19 accelerates HSBC existing transformation plans to digital services
HSBC was among the banks that acted quickly to ensure providing consistent, competitive services to its customers, while abiding to precautions.
-
Egypt’s ITIDA launches initiative to teach young people tech skills
The initiative provides an 18-month free online scholarship to 100,000 Egyptians in a move to help them master the latest tech fields and skills.
-
Electricity Holding targets investments of LE32.4B in 20/21
The Egyptian Electricity Holding Company targets investments of LE 32.4 billion during next fiscal year 2020/2021, according Company’s Chairman.
-
Egypt issues eurobonds worth $5 bln, biggest issuance in its history
The issuance is part of efforts to provide needed funds to deal with the repercussions of the coronavirus, the finance ministry said.
-
Al-Mashat participates in virtual webinar on knowledge economy
The virtual meeting was organized by the Sharjah Research, Technology and Innovation Park (SRTIP) with more than 1,000 attendees from the region.
-
Mastercard to bring 50mln firms into digital economy; including in Egypt
As a pilot in Egypt, Mastercard and Levi Straus and Co. partnered up to digitize the wages of more than 10,000 garment factory workers.
-
Foreign workers at government, public business sectors increase 42.4% in 2019
The report added that, of this amount, 1,233, or 88%, were male, and 155 (or 11.2%) were female.
-
FAB suspends acquisition talks for Bank Audi’s business in Egypt
Lender cites 'unprecedented circumstances and the uncertain outlook' during Covid-19 pandemic.
-
Delta Insurance's premiums rise 33% in Egypt
SAE's insurance premiums increased nearly 33% year-over-year to more than $38 million in the nine months ended March 31.
-
Egypt- Economy would have been severely stressed by COVID-19 in 2016
The minister highlighted that Egypt has had time to significantly strengthen its economic position against the global health crisis.
-
Egypt's parliament approves suspending tax on agricultural land for two years
The government decided to extend the suspension for two years as an incentive for farmers and farming businesses to boost agricultural production.
-
Vodafone Egypt adds 1.1 million new customers in FY, ARPU improves
Vodafone Egypt reported service revenues of EUR 369 million for the three months to March.
-
Vodafone Egypt reports revenues of EGP 26.4bn in FY 2019/2020
According to Vodafone Group's results, the Egyptian unit recorded profits worth $666m before interest and taxes during FY 2019/2020.
-
Egypt’s MSMEs sector is affected by COVID-19 crisis: Planning minister
The government has set up 4,500 serviced industrial units, including 750 units in the cities of 10 Ramadan City and Margham, and in the Red Sea.
-
Cabinet decision reducing bond trading costs activates bond market
The costs were the main hindrance to an active fixed instrument market. Most trades on fixed income instruments have stalled due to the high prices.
-
Orascom To Re-Open ODH's Hotels In Egypt For Business
El-Gouna hotels will be open 15 May in preparation for Eid.