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EBRD approves EUR 25m loan for Egypt’s first land dry port
The European Bank for Reconstruction and Development (EBRD) has approved a EUR 25 million ($29.6 million) loan for Egypt's October Dry Port Company.
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Egypt records EGP 93.1bn primary surplus in FY20/21
Egypt achieved a primary surplus of EGP 93.1 billion during fiscal year (FY) 2020/2021, making up 1.4% of the country's gross domestic product (GDP).
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Egyptian-South Sudanese 1st joint higher committee takes place Cairo
The first round of the joint Higher Committee’s preparatory meetings at the expert and ministerial levels between Egypt and South Sudan were held on July 27, which is considered the first joint…
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Egypt’s exports of ceramics, sanitaryware hit $89m in five months
Egypt's exports of ceramics and sanitaryware declined by 8.2% year-on-year (YoY) to $89 million in the first five months of 2021, compared to $97 million, according to a report by the Export Council…
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Contact Financial Holding closes second Sukuk issuance worth EGP 2.5bn
Contact Financial Holding has closed its second Sukuk issuance worth EGP 2.5 billion by its Sukuk arm, Sarwa Sukuk Company.
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Egypt’s iron, steel exports leap 179% in five months
Egypt’s exports of crude iron and steel surged by 179% to $584 million during the first five months of 2021 from $209 million in the same period last year.
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Afreximbank, BAFT Deliver Virtual Training Workshops on Correspondent Banking in Africa
African Export-Import Bank (Afreximbank) and the Bankers Association for Finance and Trade (BAFT) today announced the launch of a series of training workshops for African respondent banks to enhance…
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Egypt second top travel destination for Czechs in 2021
Egypt came in the second position among the top destinations for tourists from the Czech Republic during summer 2021, according to a report published by Prague Morning.
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Arab Banking Corporation offers to acquire BLOM Bank – Egypt
The Egyptian Exchange (EGX) revealed the details of the mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to purchase up to 300 million shares or 100% of Blom…
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Egypt’s FRA approves amendments to mortgage finance law
The board of directors of the Egyptian Financial Regulatory Authority (FRA) approved the draft amendments to some provisions of the mortgage finance law no. 148 of 2001.
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