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Egypt ends Uganda tariffs crisis on its exports of iron sheets
Egypt ends of the crisis of the Ugandan authorities imposing 35 percent custom tariffs on Egyptian exports of iron sheets in violation to the COMESA agreement, according to he Egyptian Minister of…
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Housing and Development Bank records 96% growth in retail loans in 2020
The Housing and Development Bank (HDB) has reported a growth rate of 96% in its retail loans segment at the end of 2020, while the rate of increase in car loans jumped by 380%.
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Egypt’s Agricultural Bank contributes to contribution to sector revival, countryside development
Alaa Farouk, Chairperson of the Agricultural Bank of Egypt (ABE), has highlighted the bank’s efforts to support Egypt’s agricultural sector.
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CBE launches initiative to cancel fees on activating e-collection services
The Central Bank of Egypt (CBE) launched an initiative to cancel all fees that private sector’s MSMEs bear to activate the electronic collection services via the internet (E-Commerce) till the end of…
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Egypt supports economy to overcome coronavirus crisis: IMF
Egypt had taken good steps to support the economy during the coronavirus crisis, Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said.
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Egypt’s PM discusses business complex projects with CEO of CTP Invest
CTP is looking to inject long-term investments worth from $300 million to $600 million into Egypt over five years, the CEO Remon Vos revealed.
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Tender offer of Banque Misr for CI Capital starts today
Egypt’s stock exchange (EGX) announced on Sunday the start of the tender offer of Banque Misr for for buying a controlling stake in the share capital of CI Capital Holding for Financial Investments.
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Orascom Financial Holding acquires 29% stake in Sarwa Capital, 74.5% of Beltone
Orascom Investment Holding (OIH) sold its entire stake of 29.25 percent in Sarwa Capital Holding for Financial Investments while it parts with its entire stake of 74.55 percent in Beltone Financial…
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All land, maritime, air ports in Egypt will be linked through single window system
The national project for modernising and automating the customs administration system aims to link all land, maritime, and air ports with an electronic platform through the single window system, the…
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Egypt’s FRA approves Banque Misr’s tender offer for CI Capital
The Egyptian Financial Regulatory Authority (FRA) said it has approved Banque Misr request to acquire a controlling stake in CI Capital Holding For Financial Investments.
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