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Egypt imposes anti-dumping duty on aluminum imports
Egypt will be imposing anti-dumping duty on imports of aluminum products, according to Egyptian Minister of Trade and Industry, Nevine Gamea.
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Egypt’s cotton exports to grow 14% this marketing year
Low cotton prices are expected to drive a 14% y-o-y growth of Egypt’s exports to 250k bales in the 2020-2021 marketing year, according to a report (pdf) by the US Department of Agriculture’s Cairo…
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Egypt’s current account deficit widens 66.9 % during H1 of FY20/2021, CBE
The current account deficit rose by 66.9 percent to record $ 7.6 billion during the First Half of FY 2020/20212021 against $ 4.6 billion in the corresponding period, according to data…
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Egypt voices readiness to meet Sudanese developmental requirements
Egypt is keenness to help Sudan achieve its developmental requirements, according to Egyptian Minister of Finance Mohamed Maait and Minister of Transport Kamel El-Wazir.
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Banque Du Caire opens a commercial register at one of its branches, first in Egypt
Banque du Caire has opened a commercial register at one of its branches in Obour City, the first bank in Egypt to provide commercial registry services
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Six banks have signed EGP 10bn syndicated loan agreement with SCZone
Suez Canal Economic Zone (SCZone) signed a long-term syndicated loan agreement with a consortium of six banks operating in Egypt.
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CBE to introduce instant payment module, soft POS in 2021 – Deputy Governor
The Central Bank of Egypt (CBE) will this year launch a full-fledged instant payment module, after finalizing regulations, CBE Deputy Governor Rami Aboul Naga revealed.
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Banks in Egypt increase capital to comply with new banking law
Banks operating in the Egyptian market have been working on increasing their capital to comply with the country’s new banking law in In the past few days.
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National Bank of Egypt new microfinance arm begins activities in Upper Egypt
National Bank of Egypt's (NBE), the country’s largest state bank, new microfinance and electronic payment arm, Al Ahly Tamkeen, has started to provide its services at certain branches in Upper Egypt.
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Trade exchange between Egypt, Uganda reaches $110m in 2020
Bilateral trade between Egypt and Uganda reached $110 million in 2020, the Egyptian Commercial Service (ECS) announced.
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