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ECS provides Egyptian exporters $573mln investment opportunities during 2020
The Egyptian Commercial Service (ECS) has made available investment opportunities of $573 million for the Egyptian exporters during 2020 according to the ministry of industry report.
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Sawiris-backed Endeavour Mining increases its stake to 80% in Côte d’Ivoire’s Fetekro Project
Canada’s Endeavour Mining, 24.12 percent owned by the Sawiris family, has increased its stake to 80 percent in the Fetekro Project in Côte d’Ivoire, compared to 65 percent currently.
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How the Egyptian Central Bank plans for future fiscal risks?
The Egyptian Central Bank has released its latest Financial Stability Report for 2019, which takes a deep dive into a range of risk scenarios for Egypt and how they might be managed should they come…
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Egypt eyes 2% initial surplus-to-GDP ratio, 6.3% budget deficit in FY2020/21: CB
Egypt is aiming to achieve a 2 percent of initial surplus to GDP ratio in the current FY2020/2021 while attaining a 6.3 percent total budget deficit, according to the Central Bank of Egypt (CBE).
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Egypt aims to maintain its position as the world’s biggest orange exporter
Reuters looks at how Egypt is working to maintain its position as the world’ leading exporter of the citrus fruit, by sticking to strict quality control.
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Egypt signs for €1.128 billion EIB loan to support urban transport sector
Egypt and the European Investment Bank (EIB) have signed a €1.128 billion ($1.4 billion) agreement to support investments in the rehabilitation and expansion of metro and tram systems in Alexandria…
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Egypt’s CBE renews suspension of ATM and banking transaction fees until June 2021
The Central Bank of Egypt (CBE) decided extending the suspension of fees on cash withdrawals from ATMs and exempting clients from fees and commissions on banking transactions in Egyptian pounds until…
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Egypt’s irrigation minister reviews water cooperation with African countries
Egypt’s Minister of Water Resources and Irrigation, Mohamed Abdel Aaty, has held a meeting with section heads at his ministry, to review ongoing cooperation between Egypt and African countries.
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EFG Hermes gets FRA’s approval for CIRA’s EGP 600m Sukuk issuance
The Egyptian Financial Regulatory Authority (FRA) gave the greenlight to EFG Hermes Sukuk Co to issue Sukuk Al-Mudarabah for Cairo for Investment and Real Estate Development (CIRA) to finance its…
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Egypt extends deadline for submitting property tax returns until March-end
The Egyptian Minister of Finance, Mohamed Maait, approved the extension of the deadline for submitting real estate tax returns until the end of March 2021.
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