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Egypt’s talks for new loan from IMF progressing
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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Lebanon has $1.20bn worth of investments in Egypt – Minister
anon is ranked 13th in terms of the largest countries investing in Egypt, with investments in the Arab world’s most populous nation worth $1.2 billion, the Middle East News Agency (MENA) cited Egypt’s…
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ABE posts a total credit portfolio of EGP 60.204bn: Chairperson
Chairperson of the Agricultural Bank of Egypt (ABE) Alaa Farouk said that the bank’s total credit portfolio recorded about EGP 60.204bn at the end of August 2022, pointing out that the total financing…
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Egypt allows export of wheat, other staples after 6-month ban
Egypt’s Ministry of Trade and Industry lifted this week its ban on the export of several staple food commodities, including wheat, flour and fava beans for six months since March.
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OPPO, ITIDA sign MoU for $20m investments in Egypt
Egypt's Information Technology Industry Development Agency (ITIDA) has signed a memorandum of understanding (MoU) with OPPO, a China-based consumer electronics manufacturer.
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An Egyptian-Gulf consortium acquires 89% of Domty’s shares
The OPR screens revealed on Wednesday that about 97% of the target shares responded to an offer from Expedition on Arab Food Industries (Domty) of 93 million shares out of about 96.18 million shares…
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CIB integrates ESG principles into internal policies of departments
Commercial International Bank (CIB) has announced the integration of ESG principles across the Bank’s 37 policies in the first half of 2022, in accordance with its Sustainable Finance Policy, issued…
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Central Bank of Egypt renews warning against dealing in cryptocurrencies
The Central Bank of Egypt (CBE) has renewed its warning against dealing in any type of cryptocurrency through regional or international platforms.
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Egypt posts $3.21 billion trade balance deficit during June 2022: CAPMAS
Egypt’s trade balance deficit decreased $3.21 billion in June compared to $3.66 billion during the same period last year, according to data released on Monday from Central Agency for Public…
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Egypt’s food industry exports to Russia grow 27% in H1-22
Egypt’s food industry exports to Russia have increased by 27% in the first half (H1) of 2022 to $46 million, compared to $36 million in H1-21.
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