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A Japanese economic zone in SCZone can be gateway for Japan exports to Africa
Prime Minister Mostafa Madbouly told his Japanese counterpart Fumio Kishida on Saturday that the establishment of a Japanese economic zone in the the Suez Canal Economic Zone (SCZone) can serve as a…
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Japan pledges $30 billion in African aid at Tunis summit
Japan pledged $30 billion in aid for development in Africa, saying it wants to work more closely with the continent, with the rules-based international order under threat after Russia's invasion of…
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EGX now has a new head Ramy El Dokany
Rami El Dokany (LinkedIn) has been named head of the EGX for a one-year term by Prime Minister Mostafa Madbouly, according to a cabinet statement.
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Central Bank ededdfjxplains Egypt’s external debt in 1Q 2022
Egypt’s external debt registered $157.8bn in March 2022, up by about $19.9bn, compared to June 2021.
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Tunisian PM stresses cooperation with World Bank to advance structural reforms
unisian Prime Minister Najla Bouden on Friday highlighted the importance of bolstering cooperation with the World Bank to advance structural reforms in the country hit hard by a financial crisis.
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Egypt’s cotton exports doubled Y-o-Y in 2021; India largest importer
Egypt's cotton exports have nearly doubled on a year-on-year basis in August 2021, with India importing the largest amount of Egyptian cotton, according to data released by the Central Agency for…
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CBE removes max limits on daily deposits, raises withdrawal limit to EGP 150,000
The Central Bank of Egypt (CBE) has instructed banks to remove maximum limits for deposits by individuals and companies at bank branches and ATMs, according to a circular released on Thursday.
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CIB ex-Chairman Hisham Ezz Al-Arab and Mohamed Naguib as advisors
Central Bank of Egypt Acting Governor Hassan Abdalla has appointed Hisham Ezz Al-Arab, the former president of the Commercial International Bank (CIB), and Mohamed Naguib, the former head of the saib…
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Elsewedy Electric earns EGP 2bn in 1H 2022
The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021’s EGP 1.74bn in profits.
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Egypt purchases 240,000 tons of Russian wheat
Egypt's General Authority for Supply Commodities (GASC) has signed a contract to purchase 240,000 tons of Russian wheat.
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