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Egypt’s foreign reserves increased slightly to $40.1 bln by end of January: CBE
Foreign reserves ticked up $ 38.2 mn in January to end the month at $ 40.1 bn, according to central bank figures released yesterday.
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Egypt’s food industry exports to Germany record 13% increase in 11M 2020
Egyptian Food Export Council (FEC) said that the country’s food industry sector exports to Germany recorded about $83m between January and November 2020, according to its Deputy Executive Director,…
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What does Egypt’s introduction of a pre-registration system means for shippers?
Importers, customs agents, and other handlers need to set up an account with the Customs Authority’s new National Single Window for Foreign Trade Facilitation (Nafeza) as Egypt is getting ready to…
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Egypt’s total current portfolio of development funds hits $25B in 19/20
Total current portfolio of development funds that were received during the fiscal year 2019/2020 amount to the equivalent of $25 billion, Ministry of International Cooperation announced.
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CIB included in 2021 Bloomberg Gender-Equality Index
The Commercial International Bank (CIB) announced that it has been included on the 2021 Bloomberg Gender-Equality Index (GEI).
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HC Securities expects CBE to keep interest rates on hold
HC Securities & Investment expected the CBE to keep the current interest rates based on its projections for January’s annual headline inflation rate of 5.2 percent, which is near the lower end of…
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Remittances from Egyptians abroad grow 11.9% y-o-y in 11 months, CBE
Remittances from Egyptians working abroad grew 11.9 percent year-on-year from January to November 2020, the central bank said in a statement on Monday.
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Egypt buys 480,000 tons of wheat from four countries including Russia
The General Authority for Supply Commodities (GASC) said on Tuesday that it has signed contracts to import 480,000 tons of wheat from four countries after an international bid round.
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Trade, Military Production Ministers sign agreement to manufacture electric buses
Egypt’s Minister of Trade and Industry Nevine Gamea and Minister of Military Production Mohamed Ahmed Morsi have witnessed the signing ceremony of a joint manufacturing agreement to produce electric…
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European Bank for Reconstruction and Development sets aside EUR 1 bn for Egypt in 2021
The European Bank for Reconstruction and Development (EBRD) has earmarked a combined €1 billion in financing and investment for Egypt this year, Deputy Regional Director Khaled Hamza told the local…
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