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Egypt’s furniture exports hit $131.7m in H1-21
Egypt's furniture exports increased by 38% year-on-year (YoY) to $131.742 million in the first half (H1) of 2021, compared to $95.309 million, the Middle East News Agency (MENA) cited a report by the…
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SCZone inks deal with Mercedes-Benz to build logistics centre
The Suez Canal Economic Zone (SCZone) signed an agreement with Mercedes-Benz to establish a logistics centre in Ain Sokhna
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Egypt’s GDP may grow at 5.2% in FY21/22 – IMF
The International Monetary Fund (IMF) expects Egypt's economy to grow by 5.2% during fiscal year (FY) 2021/2022, compared to a projected growth rate of 2.8% in FY20/21
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Egypt affirms keenness to advance strategic partnership with China
Egypt President Abdel Fattah Al-Sisi received, on Sunday, China’s Minister of Foreign Affairs Wang Yi
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Egypt ranks 4th in The Economist’s Normalcy Index showcasing resilience
Egypt ranked 4th among the top 10 countries showing resilience with an index of 88.7 in The Economist’s “normalcy index” that is tracking behavioural change due to the COVID-19 pandemic that impacted…
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UAE’s Aldar Properties gets another deadline extension to bid for SODIC
The Egyptian Financial Regulatory Authority (FRA) approved a request by the UAE’s Aldar Properties to extend the deadline for submitting a mandatory tender offer (MTO) to fully acquire Six of October…
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ABE installs 750 ATMs in villages, rural areas in 3 months
The Agricultural Bank of Egypt (ABE) has installed 750 ATMs in villages and rural areas over three months.
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Afreximbank backs Vista Group acquisition of BICIGUI and BICIAB
African Export-Import Bank (Afreximbank) has closed a EUR 59.2 million Intra Africa Investment Finance Facility to finance Vista Group Holdings SA’s acquisition of majority stakes in Banque…
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Egypt is enhancing economic cooperation with Sudan to activate bilateral trade
Minister of Finance Mohamed Maait said Egypt and Sudan share common history and destiny as well as unified strategic objectives, noting that Egypt is seeking to enhance economic cooperation in the…
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FRA approves Bank ABC’s MTO for Blom Bank Egypt
The Egyptian Financial Regulatory Authority (FRA) approved the publication of a mandatory tender offer (MTO) submitted by Bahrain's Arab Banking Corporation (Bank ABC) to acquire Blom Bank Egypt.
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