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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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 Egypt was able to conclude development financing agreements worth $20 bn, about $5bn of which (25%) went to private sector companies and commercial banks according to Minister of International…
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Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of…
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The Engineering Export Council of Egypt (EEC) announced that Egypt’s engineering exports increased by 24% to $2.44bn in the first eight months of 2022, compared to $1.96bn in the same period of 2021.
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, participated in the 2022 IIF Emerging Markets Sustainable Finance Summit hosted by the Institute of International Finance…
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Commercial International Bank (CIB), one of Egypt’s largest private banks, is planning to provide an extra financing worth 100 million Egyptian pounds ($5.1 million) to Aman for Microfinance to be…
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