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EGX to launch new index for small- and mid-cap stocks in February
The Egyptian Exchange (EGX) is expected to launch a new index named “Tamayoz” which will include small- and medium-sized companies in February 2021.
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Qatari Diar inaugurates St. Regis Cairo Hotel
The Qatari Diar Company inaugurated the St. Regis Cairo Hotel in the presence of the Qatari Minister of Finance, Ali Sherif Al-Emadi, the US Secretary of Treasury, Stephen Mnuchin, and the Egyptian…
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Egypt’s business activity contracts in December on covid-19 fears, IHS Markit
Egypt’s non-oil private sector recovery stalled again in December as covid-19 cases climbed steadily throughout the month, causing muted consumer demand, according to IHS Markit’s purchasing manager’s…
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Egypt’s engineering exports hit $1.1bn in 5M, increasing 6 %
Egypt’s engineering exports increased by 6 percent year-on-year to $1.11 billion during the first five months of fiscal year 2020/2021, compared to $1.05 billion, according to data released by the…
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Egypt secures $12.7bn funding from IsDB in two years
Egypt landed the third place among the top 10 countries that benefited the most from the Islamic Development Bank (IsDB) Group’s financial allocations from August 2018 until December 2020.
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Egypt to launch first ever exhibition for eco-friendly vehicles on Monday
Egypt’s first “Go Green Exhibition”, highlighting the conversion of vehicles to clean energy and replacement technologies, will start on Monday at the Egypt International Exhibition Center (EIEC).
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AfCFTA to provide 1.5 bn job opportunities, achieve trade exchange worth $3.4 tn: EJB
The African Continental Free Trade Agreement (AfCFTA) is projected to offer jobs for more than 1.5 billion people, with a projected trade exchange worth $3.4 trillion, the trade committee of the…
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FRA launches initiative to merge informal businesses into formal economy
Egypt’s Financial Regulatory Authority (FRA) introduced an initiative that aims to merge informal economic activities into the formal economy through using digital payment instruments
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Egypt’s Chemical Industries Export Council urges reconsideration of gas pricing
The Egyptian Chemical Industries Export Council has called on the Egyptian government to reconsider the pricing of natural gas for industrial use, according to the council’s Chairperson Khaled Abul…
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Egyptian pound appreciates 30 piasters against US dollar in 2020 despite COVID-19
The Egyptian pound recorded a rise of 30.8 piasters against the US dollar during 2020, despite the severe economic effects of the novel coronavirus (COVID-19) crisis.
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