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Egyptian food industries exports to China record 21% increase in 2020
Egypt’s food industry exports to China have seen $36m during 2020 increasing by 21 percent, according to Tameem El-Dawy, Deputy Executive Director at the Egyptian Food Export Council (FEC).
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EBRD provides Egypt with €1 mln to build dry port, logistics centre in 10th of Ramadan City
The European Bank for Reconstruction and Development (EBRD) has announced that it provided Egypt with a €1 million contribution for the construction of a dry port and logistics centre in 10th of…
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EGX halts trading on Orascom Investment Holding
The Egyptian Exchange (EGX) decided to suspend trading on the stock of Orascom Investment Holding (OIH) as of the beginning of Thursday’s trading session.
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UAE, UK are Egypt’s top foreign investors in FY2019/2020
The UAE and the UK were Egypt’s two biggest foreign investors during the 2019/2020 financial year, recent government data showed.
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Elsewedy Electric’s subsidiary sign EGP 126m deal for a sewage treatment plant
Elsewedy Electric’s subsidiary Elsewedy Electric for Trading and Distribution and Alexandria Petroleum Maintenance Co. Petromaint signed a contract to implement the sewage treatment plant in…
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CI Capital raises its assessment of TMG’s shares on Capital Gardens project
Egyptian investment bank CI Capital raises its assessment for the target price (TP) of Talaat Moustafa Group Holding (TMG Holding) by 50 percent as Egyptian investment bank CI Capital raises its…
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Egypt has no intention to issue more Eurobonds before June 30
Egypt has no intention to issue more Eurobonds bonds during fiscal year 2020/2021, its Minister of Finance Mohamed Maait announced on Tuesday.
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Banque Misr approves EGP 1 billion Islamic financing for Porto, Bonyan projects
Banque Misr approved a Shariah-compliant loan worth 1 billion Egyptian pounds ($64 million) loan for Bonyan Development and Trade Company and Porto Group, sources with knowledge of the matter told a…
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Onsi Naguib Sawiris named chairman of Orascom Financial Holding
Orascom Financial Holding on Tuesday announced that Onsi Sawiris, the son of Egyptian business mogul Naguib Sawiris, has been appointed as its chairman.
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Raya’s new fund for movable assets could be first mainstream alternative to securitization
Raya Holding is planning to set up a fund that will invest in the portfolios of non-banking financial services (NBFS) companies, Al Mal reports.
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