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Egypt’s stocks start week in green, benchmark EGX 30 climbs 1.98%
Egypt’s stock exchange’s (EGX) indexes ended higher on Sunday, with the benchmark EGX 30 index climbing 1.98 percent to 11,558 points.
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Export opportunities: A potential to export steel bars to Algeria
The Egyptian Commercial Service in Algeria provides the Egyptian companies working in the metallurgical industry with an opportunity to export steel bars to the Algerian market during the upcoming…
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Moody’s completes periodic review of ratings of GIG Insurance – Egypt
Moody's Investors Service announced on Thursday that it has completed a periodic review of the ratings of GIG Insurance - Egypt and other ratings that are associated with the same analytical unit
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Unreliable infrastructure in Africa a major setback in development endeavors, IMF executive director
Setbacks in African development endeavors can be attributed to the lack of reliable infrastructure, according to Executive Director of the International Monetary Fund (IMF) and the World Bank Group's…
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Telecom Egypt is launching Hybrid Ring Path to link Africa with Europe by 2023
Telecom Egypt is planning to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system circling the African continent to link it with Europe.
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Trade between Italy and Egypt hit €3.390B in 9 months
The value of Egyptian-Italian trade hit €3.390 billion during the period from January to October 2020, compared with €4.34 billion in the previous year, according the commercial office of the Italian…
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Egypt’s raises fertilizer export tariffs amid commodities boom
The Egyptian Investment and Trade Ministry has raised the duty imposed on nitrogen fertilizer exports as it looks to secure local supply amid rising global prices.
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MSMEDA provides EGP 13.5bn funding to micro-enterprises in six years
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) injected 13.5 billion Egyptian pounds in funding to micro-enterprises from July 2014 until the end of December 2020, the…
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Orascom Construction to build Magdi Yacoub Global Heart Centre
Orascom Construction has been chosen by the Magdi Yacoub Heart Foundation to construct the Magdi Yacoub Global Heart Centre in Egypt’s 6th of October City.
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COVID-19 crisis doubled mobile, internet banking users at Bank Audi – Egypt: CEO
The novel coronavirus (COVID-19) pandemic has doubled the number of Bank Audi – Egypt’s mobile and internet service users, according to the bank’s CEO and Managing Director Mohamed Bedir.
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