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Dubai Ports World-Sokhna (DP World) signed a contract to establish a new 300,000-square-metre logistics service zone with an estimated investment of $80 million at Egypt’s Sokhna Port, the SCZone…
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Egypt's Ministry of Agriculture and Land Reclamation did not receive official rejection of its exported agricultural shipments from the Libyan authorities, the ministry said in a statement on…
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Egypt's cotton exports have nearly doubled on a year-on-year basis in August 2021, with India importing the largest amount of Egyptian cotton, according to data released by the Central Agency for…
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The Central Bank of Egypt (CBE) has instructed banks to remove maximum limits for deposits by individuals and companies at bank branches and ATMs, according to a circular released on Thursday.
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Central Bank of Egypt Acting Governor Hassan Abdalla has appointed Hisham Ezz Al-Arab, the former president of the Commercial International Bank (CIB), and Mohamed Naguib, the former head of the saib…
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alU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced that it acquired 100% of Paynas, a full-fledged employee management and benefits company that provides…
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The International Monetary Fund (IMF) called on the Central Bank of Egypt (CBE) to cancel all low-interest initiatives — such as loans to small and medium enterprises, the tourism sector, and real…
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The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021’s EGP 1.74bn in profits.
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Egypt's General Authority for Supply Commodities (GASC) has signed a contract to purchase 240,000 tons of Russian wheat.
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Under the auspices of Banque Misr (BM), Egypt’s Chemical and Fertilisers Export Council, in cooperation with Egyptian Furniture Export Council, the Egyptian Commercial Service Office in Tanzania, and…
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