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Egypt sees 0.7% decrease in manufacturing, extractives index in January 2021: CAPMAS
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the country saw a 0.7% decrease in its manufacturing and extractive index in January 2021.
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Egypt’s sovereign fund subscribes to invest EGP 250m in Egypt Education Fund
The Sovereign Fund of Egypt (TSFE) has subscribed to invest more than 250 million Egyptian pounds in the third issuance of Egypt Education Fund which is managed by the Egyptian Financial Group Hermes…
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Egypt’s Edita aims to have its Moroccan plant fully operational by mid-year,
Snackfood maker Edita aims to have its Moroccan plant fully operational by mid-year, head of Investor Relations Mennatallah Shams El Din told the local press.
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Suez Canal’s blockage repercussions won’t be easy for global economy: expert
The damage the Suez Canal blockage brought to global trade will take months to fix, and the incident’s repercussions will not be plain sailing for the sector worldwide, according to a maritime expert,…
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Siemens awarded contract to upgrade Egypt-Sudan electrical interconnection line
The state-run Egyptian Electricity Transmission Company (EETC) signed an agreement with Siemens Energy to raise the efficiency of the electrical interconnection line between Egypt and Sudan to 300…
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Arab markets contain 1,662 listed companies with $3.1T in capital: EGX Chairman
The total number of companies listed in the Arab markets reached 1,662 companies with a capital of $3.1 trillion by the end of 2019, Chairman of the Board of Directors of the Egyptian Exchange (EGX)…
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Egypt’s agriculture bank will get additional EGP 1bn from CBE for livestock project
The Central Bank of Egypt (CBE) has approved an additional 1 billion Egyptian pounds to finance the National Project for Veal Revival, according to Alaa Farouk, Chairperson of the Agricultural Bank of…
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Egypt’s Orascom Financial Holding cooperates with EXCEL to launch new fintech firm
Orascom Financial Holding announced on Tuesday it has teamed up with EXCEL to launch a new financial technology (fintech) company focused on digital payments.
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EGX ends in mixed notes on Monday, benchmark EGX 30 tumbles 1.19%
Egypt’s stock exchange’s (EGX) indexes ended in mixed notes on Monday, with the benchmark EGX 30 index tumbling 1.19 percent to 10,738 points.
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Egypt’s CBE celebrates winners of ‘FinYology – FinTech for Youth’ initiative
FinTech Egypt, an affiliate of the Central Bank of Egypt (CBE), has organised a virtual closing ceremony to celebrate the awarded university students participating in the “FinYology-FinTech for Youth”…
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