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Egypt remains committed to fully implement AfCTA agreement, Sisi says
Egypt remains committed to working within the African Continental Trade Area and will do what it can to help fully implement the continent-wide agreement, President Abdel Fattah El Sisi told AfCFTA…
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Foreign investments in Egypt’s debt instruments rise to $26bn, closer to pre-pandemic levels
Foreign investments in Egypt’s debt instruments increased to $26 billion as the market started to recover from the coronavirus (COVID-19) crisis, Minister Mohamed Maait told Al Arabiya and CNBC in…
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Egypt supports exporters with EGP 21bn during 2020
The Egyptian government spent more than 21 billion Egyptian pounds during 2020 to support exporters, the Minister of Finance, Mohamed Maait, revealed.
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Egypt prepared to manufacture, ship vaccines to Africa and MENA, Zayed
Egypt is prepared to manufacture and ship vaccines to Africa and the Middle East, and is willing to share its e-system for tracking vaccine recipients with countries that cannot develop their own,…
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CBE offers EGP 16bn T-bills on Sunday
The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth 16 billion Egyptian pounds on Sunday on behalf of the Ministry of Finance.
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World Bank provides $200m loan to Egypt for air quality monitoring projects
The World Bank has awarded Egypt a $200m loan to support its air quality monitoring projects, according to Minister of Environment Yasmine Fouad.
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NBE named top provider of syndicated loans in 2020
The National Bank of Egypt (NBE) was ranked the country’s top bank for syndicated loans in Bloomberg’s global syndicated loans league table for 2020, according to a recent statement.
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Bahrain’s Bank ABC completes $480m acquisition of Blom Bank Egypt
Bahrain's Arab Banking Corporation (Bank ABC) finalised the acquisition of Blom Bank’s unit in Egypt for $480 million, two banking sources told Reuters.
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Egypt settles EGP 16bn taxes with petroleum companies
Egypt has settled due taxes worth 16 billion Egyptian pounds owed by some petroleum companies, the Minister of Finance, Mohamed Maait, revealed.
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Central Bank of Egypt explores ways to salvage tourism amid COVID-19 crisis
The Central Bank of Egypt (CBE) Governor, Tarek Amer, has held a high-level ministerial meeting to discuss methods of supporting the tourism sector during the novel coronavirus (COVID-19) pandemic.
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