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Egypt achieved significant GDP growth in recent years: EBRD report
Although Egypt achieved significant real GDP growth thanks to its economic reform programme, the private sector’s potential to push development needs to be unblocked, according to a recent report…
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Qalaa Holdings achieves EGP 18.7bn in consolidated revenues in 1Q
Qalaa Holdings consolidated revenues jumped to EGP 18.7bn during the first quarter (1Q) of 2022 — an annual growth rate of 134%.
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Qatar in talks to invest USD 2-3 bn in Egypt
Qatari officials have discussed investing USD 2-3 bn in the local market in talks with the Madbouly government, Finance Minister Mohamed Maait told reporters on the sidelines of Amcham’s annual…
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Egypt’s real GDP growth may be seen at 6.2% by end of June
Egypt's real GDP growth is expected to record 6.2 percent by the end of the current FY2021/22, with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to…
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Egypt’s industrial sector contributes 11.7% of GDP
The industrial sector contributes 11.7% to the country’s GDP and employs about 28.2% of the total Egyptian workforce,according to Minister of Trade and Industry Nevine Gamea.
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valU, Arab Developers Holding partner to provide customers with maintenance installment plans
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, partnered for the first time with Arab Developers Holding, a leading real estate developer in Egypt, to offer…
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AfDB to establish African Pharmaceutical Technology Foundation
The African Development Bank (AfDB)’s Board of Directors approved the establishment of the African Pharmaceutical Technology Foundation (APTF) on Monday.
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Egypt’s National Bank to open its first branch in South Sudan on Tuesday
The National Bank of Egypt (NBE) will be opening its first branch in Juba, South Sudan with a capital of $30m this Tuesday.
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Majid Al-Futtaim opens Global Solutions headquarters in City Centre Almaza
Majid Al-Futtaim — the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia — opened the doors to its Global Solutions headquarters at City Centre…
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Egypt’s chemical industry exports jump 33%
Egypt’s Chemical and Fertilizers Export Council’s report revealed that the sector’s exports have witnessed an increase of 33% during first five months o this year, amounting to $3.5bn compared to…
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