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Remittances from Egyptian expats surge 10.5% y-o-y in 2020: c.bank
Remittances from Egyptians working abroad surged 10.5 percent year-on-year to around $29.6 billion in 2020, the central bank announced on Monday.
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Egytrans will approve share-swap offer by Hassan Allam’s unit only a fair value study
The Egyptian Transport and Commercial Services Co (Egytrans) will only sign binding agreement with H.A. Utilities Holding BV, the owner of the infrastructure and renewable energy firm H.A. Utilities…
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CBE launches a new EGP 100bn initiative for mortgage finance
Central Bank of Egypt (CBE) has launched a new mortgage finance initiative on President Abdel Fattah al-Sisi directives to help low and middle citizens.
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Egypt officially joins U.N. trucking treaty, TIR Convention
Egypt has officially joined the U.N. trucking treaty TIR Convention on Monday, a major step in the country’s plan to boost trade and stimulate economic development.
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Egypt’s real GDP growth may slow down to 3% in 2021, rebound to 4.9% in 2022: AfDB
Egypt is expected to see a slowdown in its real GDP growth of three percent in 2021, down from the 3.6 percent in 2020, before rebounding to 4.9 percent in 2022, according to the African Development…
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Egypt will be organising exhibitions for MSMEs as often as possible
Egypt is keen to continue organising exhibitions for micro, small and medium sized enterprises (MSMEs), Eexecutive Director of the Micro, Small and Medium Enterprises Development Agency (MSMEDA), …
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Egypt provides continued opportunities for US business community: Egyptian Ambassador
Egypt is continuously providing an abundance of opportunities in every sector of its diverse economy to foreign investors, according to Motaz Zahran, the country’s Ambassador to the US.
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Egypt aims to boost share of green investments to 30% in FY21/22
Egypt aims to increase public investments into green projects to 30 percent in fiscal yar 2021/2022 from 15 percent in FY20/21, according to The Egyptian Minister of Planning and Economic Development,…
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Egypt to launch a new EGP2bln logistics zone in El-Dakahlia
The Egyptian Minister of Supply and Internal Trade, Ali El-Moselhy, will lay the cornerstone of a new logistics zone in El-Dakahlia with total investments of 2 billion Egyptian pounds.
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CIB awarded 2021 Best Trade Finance, Best Cash Management Service Providers by Global Finance
Commercial International Bank (CIB) won the awards for Best Trade Finance and Best Cash Management Service Provider in Egypt.
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