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CBE extends exemption of 3 commodity imports 1 more year from cash requirement

The Central Bank of Egypt (CBE) has extended the exemption period for rice, lentils, and beans from the 100 percent cash cover requirements for one year ending on 15 March 2022.
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EGX witnesses a severe collapse, most stocks exceed maximum decline

The Egyptian Exchange (EGX) closed Tuesday’s trading session on a negative note witnessing a sever collapse for the first time in 8 months, pressured by Arab and foreign selloffs.
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Egypt seeks to develop technology centres to boost national industries

Egypt is keen on developing the technological centres to serve as the technical arms of the national industry in order to boost competitiveness of Egyptian industrial products to meet the needs of…
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Increased Egyptian expat remittances positive for economy: Moody’s

Egypt’s recent increase in its expat remittances has had a positive effect on recipient households, on the broader economy as well as Egyptian banks as it supports their deposit-based funding profile…
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Egypt to hold 1st training program for municipal African officials

The National Institute for Governance and Sustainable Development (NIGSD) - the training arm of the Ministry of Planning and Economic Development – announced the launch of the first training program…
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Joint Egyptian-Jordanian Higher Committees boost bilateral trade to $514M in 9M

Volume of trade exchange between Egypt, Jordon during the first 9 months of 2020 increased to $514 million on the back of Joint Egyptian-Jordanian Higher Committees continuous efforts, according to…
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Middle East’s Integrated Diagnostics Holdings gets approval for dual listing on EGX

Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider with operations in Egypt, Jordan, and Sudan, has on Monday received Egyptian regulatory approvals to start dual listing…
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Engineering Export Council records growth rate of 9.8% in 11 months

Egypt’s engineering exports increased by 9.8 percent to record $1.8 billion in the first eight months (8M) of fiscal year (FY) 2020/21, compared to $1.6 billion during the same period of FY 2019/20.
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Egypt’s bank deposits rise to EGP 5.126 trillion in November

Egyptian bank deposits rose in November to 5.126 trillion Egyptian pounds ($325.7 million) from 5.088 trillion pounds in October, according to data released by the country’s central bank.
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Pioneers Holding sees EGP 11.75m block-trading deal

The Egyptian Exchange (EGX) announced a block-trading transaction on the shares of Pioneers Holding Company for Financial Investment.
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