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Shell Egypt sells onshore upstream assets in Egypt for $926m
Shell Egypt and one of its subsidies signed an agreement to sell their upstream assets in Egypt’s Western Desert to a consortium consisting of subsidiaries of Cheiron Petroleum Corporation and Cairn…
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Egypt spends EGP 86bn annually on commodity, bread subsidies
The Egyptian government offers subsidies worth 86 billion Egyptian pounds for commodities and food subsidies each year, the Minister of Supply and Internal Trade, Ali El-Moselhy, revealed.
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EGX ends lower on Monday, benchmark EGX 30 slumps 0.85% on foreign selloff
Egypt’s stock exchange’s (EGX) indexes closed lower on Monday, with the benchmark EGX 30 index slumping 0.85 percent to 11,459 points, due to foreign investors’ selloff.
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Egypt set to launch new export support programme in July
Egypt is planning to launch a new export support programme by the beginning of fiscal year 2021/2022
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AfDB allocates $2 mln grant to boost financial inclusion in Africa
African Development Bank (AfDB) announced allocating a $2 million grant to establish the African Cybersecurity Resource Centre (ACRC) for Financial Inclusion, for the sake of tackling cybercrime…
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Egypt’s net foreign reserves rise to $40.2 billion at February-end: c.bank
Egypt’s net foreign reserves inched up by $100 million to $40.200 billion at the end of February from $40.100 billion in January, the central bank said in a statement on Sunday.
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NBE’s Okasha named among Forbes Middle East’s 1st ever Top 100 CEOs list
Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list includes N0ational Bank of Egypt’s Executive Chairman
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Karim Awad named among Forbes Middle East’s 1st ever Top 100 CEOs list
Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking, the list includes EFG Hermes Group CEO and Chairman, Karim Awad.
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Redcon gets an EGP 2.7bn loan from AAIB to complete project at New Alamein
The Arab African International Bank (AAIB) signed a loan contract with the Redcon Development Company to provide 2.7 billion Egyptian pounds to complete the second phase of New Alamein City’s Latin…
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Egypt’s exports of building materials down to $450m in January
Egypt's exports of building materials, refractory, and metallurgy industries fell by 16 percent to $450 million in January, compared to $535 million in the same month a year earlier.
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