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Abu Qir Fertilizers to get about $100m loan from NBK
Abu Qir Fertilizers plans to get a loan of $80-100m that will be arranged by the National Bank of Kuwait – Egypt (NBK), to finance expansion in production capacity from 1,925 tonnes per day to 2,370…
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Government would back a more ‘Flexible exchange rate’– minister
We as a government do agree that a flexible exchange rate is definitely good for the economy," Planning Minister Hala El Said told BloombergTV today (watch, runtime: 6:40
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Egypt’s engineering exports leaps 27% in 7M 2022: EEC
Engineering Export Council of Egypt (EEC) has announced that the sector’s exports increased by 27% to $2.1bn from January to July 2022, compared to $1.6bn in the same period in 2021.
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Egypt plans issuing samurai, panda bonds
Egypt intends to cooperate with Japan to issue green samurai bonds, Minister of Finance, Mohamed Maait announced
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CBE, Trade Ministry mull fresh relief for importers
The Central Bank of Egypt and Trade and Industry Ministry could allow importers who are not able to retrieve a Form 4 customs document to pay six-month open letters of guarantee in exchange for the…
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Egypt’s investments in Africa up to $10.2 bln: Trade minister
Egyptian investments in Africa rose by $1.2 billion in 2021 to $10.2 billion, and trade volume with Ivory Coast has risen to $149 million, an increase of 178.5 percent compared to 2020, Egypt’s…
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FRA okays ADIB Egypt’s capital hike request
The Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) has received the Financial Regulatory Authority’s (FRA) approval to proceed with the capital raise procedures.
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Egypt’s Regulator issues first license for Islamic microfinance activity
Chairperson of the Financial Regulatory Authority (FRA) Mohamed Farid revealed that the authority issued its first license to a financial institution to engage in financing micro enterprises according…
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Egypt to start a trade mission to Kenya in October sponsored by BM
Under the auspices of Banque Misr (BM) as a financing agency, Egypt’s Chemical and Fertilisers Export Council — in cooperation with the Export Council for Building Materials and Egyptian Commercial…
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Egypt approves exceptional measures to ease releasing imports
Egypt’s Finance Minister Mohamed Maait said that a package of exceptional measures has been approved to facilitate the release of imports and to ease burdens on investors and importers amid the…
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