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The Saudi Egyptian Investment Company - a subsidiary of the Saudi Public Investment Fund - acquired 34 percent of the Egyptian Retail Chain Company, B.TECH, for $150 million. B.TECH is one of the…
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The output of Egypt’s non-oil businesses registered a marked contraction in September for the 13th month in a row driven by energy rationing, part shortages and weak demand amid the ongoing global…
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Banque Misr, Egypt’s second biggest state lender, plans to launch its first digital bank in the homeland by early next year, according to its chairman
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Financial Brokerage Group regained its leadership in the market ranking during the third quarter (3Q) of this year, climbing two positions, as it accounted for 18.4% of the market transactions with a…
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The World Bank’s Board of Executive Directors approved a $400m development financing agreement to enhance the performance of the logistics and transportation sectors in Egypt and to support the shift…
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Egypt’s net foreign assets (NFAs) fell by 18.06 billion Egyptian pounds ($925 million) in August, resuming a decline that lasted nearly a year except its raise in July, Central Bank of Egypt’s (CBE)…
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Qalaa Holdings turned profitable during the second quarter (2Q) of 2022 to record consolidated net profit of EGP 361.6m, compared to net loss of EGP 401.5m during the same period of 2021.
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The Suez Canal Economic Zone (SCZONE) has signed a contract with Kuwait’s Agility to develop and operate a customs and logistics centre.
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The UN Climate Change High Level Champion for Egypt Mahmoud Mohieldin has recently said that more public and private sectors partnerships (PPPs) are needed to achieve green economic and social…
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President Abdel-Fattah El-Sisi has ordered the government and the Central Bank of Egypt (CBE) to formulate new initiatives to attract foreign investments into the country.
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