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The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi’s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian…
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Egypt's non-petroleum exports hiked by 20% during the first half (H1) of 2022 to reach $19.35 billion, compared with $16.16 billion in the same period in 2021.
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FocusEconomics panelists project that Egypt’s GDP will expand 4.5% in fiscal year (FY) 2022/23, which is down 0.2% from last month’s forecast, expecting that it will reach 5.2% in FY 2024.
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Nevine Gamea — Head of the Central Microfinance Sector at the Micro, Small, and Medium Enterprise Development Authority (MSMEDA) — revealed that the agency pumped EGP 2bn in funds for micro-projects…
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Egypt’s current account deficit remained almost unchanged, recording $13.6bn in the first three quarters (July/March) of fiscal year (FY) 2021/22, despite the increase of $3bn in the trade balance…
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The National Bank of Kuwait – Egypt (NBK Egypt) has secured a $40 million loan from the European Bank for Reconstruction and Development (EBRD) to be on lent to eligible micro, small and medium-sized…
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Import operations of finished goods have been halted completely since March after the Central Bank of Egypt’s (CBE) decision to cancel dealing with documentary collections and replace them with…
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Egypt’s international reserves went down by 0.69% or $232 million on a monthly basis in July 2022.
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Egyptian Financial Group Hermes Holding (EFG Hermes) has named Aladdin ElAfifi as the new CEO of its non-bank financial institutions (NBFI) platform.Egyptian Financial Group Hermes Holding (EFG…
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Credit Agricole Egypt has registered consolidated net profits after tax worth EGP 1.01 billion in the first half (H1) of 2022, an annual leap of 32.35% from EGP 767.09 million.
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