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Elsewedy Electric Co has announced it will sign the final agreement to obtain credit facilities from 7 banks
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The real estate sector topped the list of the most active sectors listed on the Egyptian Exchange (EGX) during last week’s transactions with a trading value of EGP 1.3bn.
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Egypt’s Minister of Finance Mohamed Maait said that the government is committed to taking all measures to facilitate the release of imports and ease the burdens on investors against the global crises…
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Egypt seeks to raise up to $6 billion before the middle of next year by selling stakes in state-owned firms, the country’s Planning Minister Hala al-Saeed said.
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Egypt is willing to reach an agreement to obtain finance from the International Monetary Fund (IMF) within a month or two, according to Finance Minister Mohamed Maait, reported by Bloomberg.
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In its meeting today, the Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged…
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Egypt’s President Abdel Fattah Al-Sisi received, on Monday, CEO of Maersk Soren Seko to discuss a project to produce clean fuel for ships in Egypt with $15bn investment, which will provide more than…
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The Central Bank of Egypt (CBE) has relaxed restrictions on the use of foreign currencies for imports in a bid to ease the buildup of goods at ports, according to a document circulating among banks.
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The Financial Regulatory Authority (FRA) approved the issuance of “mudaraba sukuk” compatible with the provisions of Islamic Sharia with a value of EGP 2bn for a period of 84 months, starting from the…
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Talks between Egypt and the International Monetary Fund (IMF) for new financing are still ongoing and achieving progress as per the set timeline, Director of the Middle East and Central Asia…
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