Main

Elsewedy Electric has entered the Asian market through its acquisition of shares in two companies involved in the transformer sector in Indonesia and Pakistan, valued at $60m. In a statement to the…
Read More...

The National Bank of Egypt (NBE) has signed a cooperation protocol with the Egyptian Countryside Development Company (ECDC) to finance investors benefiting from the national project to reclaim,…
Read More...

Global economic activity continues to show varying paces of recovery across countries and economic sectors, as the impact of the COVID-19 pandemic continues to weigh on the outlook, according to the…
Read More...

S&P Global Ratings (previously Standard & Poor's), an American credit rating agency, affirmed its 'B/B' long- and short-term foreign and local currency sovereign credit ratings on Egypt with a…
Read More...

The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 404.11 million Egyptian pounds during the first quarter (Q1) of 2021, slightly up from 402.7 million pounds a year earlier
Read More...

Egypt’s keenness to back the Afreximbank’s efforts to support the African continent amid the novel coronavirus (COVID-19) pandemic has been affirmed by Minister of Finance Minister Mohamed Maait
Read More...

Egypt’s net foreign reserves slightly rose to $40.343 billion at the end of April from $40.337 billion at the end of March, a central bank data showed on Wednesday.
Read More...

Importers in Egypt began joining the Advanced Cargo Information (ACI) system since piloting it in April 1 ahead of its enforcement as of July 1
Read More...

The Egypt Purchasing Managers’ Index (PMI) dropped to 47.7 in April from 48.0 in March, its fifth consecutive month below the 50 mark that separates expansion from contraction, IHS Market said on…
Read More...

EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEMs), announced today that its Investment Banking team has successfully completed advisory to Bank Audi on its…
Read More...