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The Agricultural Bank of Egypt’s (ABE) loan portfolio increased by EGP 12.5bn from March 2020 to April 2021 to reach EGP 46.371bn, the bank’s Chairperson Alaa Farouk has revealed.
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Egypt is set to receive the final $1.6 billion tranche of its International Monetary Fund (IMF) standby loan before the end of next June, Finance Minister Mohamed Maait told local press.
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Egypt’s President Abdel Fattah Al-Sisi has asserted that work is underway to develop the Suez Canal, in line with the progress of the global trade movement.
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Egypt’s trade deficit decreased 1.2 percent in February 2021 to $3.34bn, compared to the $3.38bn reported for February 2020, the Central Agency for Public Mobilization and Statistics (CAPMAS) has…
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Egypt’s Minister of Trade and Industry Nevine Gamea has issued a decree outlining the conditions for the customs clearance of electric cars coming into the country.
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Egypt’s current account deficit climbed to $7.6 billion in the first half (1H) of the current FY2020/2021 — from July to December 2020 — up from $4.6 in the same half of FY2019/2020, according to data…
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 Telecom Egypt has chosen Juniper Networks to design and deploy a network capacity expansion and upgrade across its national infrastructure, serving a customer base of 9.8 million for fixed line…
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Egypt is aiming to start producing an electric car in mid-2022, Public Enterprise Minister Hisham Tawfik said on Tuesday.
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The Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda), a leading pharmaceuticals manufacturer in Egypt, has reported its new antiviral medication successfully opened up…
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The net profits of Orascom Development Egypt (ODE) leapt by 377% year-on-year (YoY) to EGP 438.46 million in the first quarter (Q1) of 2021, compared to EGP 91.85 million, including minority…
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