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Remittances from expatriate Egyptians rose 2.1 percent year-on-year during the period between July 2021 and May 2022, the central bank said.
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Homzmart — the Middle East’s one-stop shop for furniture and home goods — landed a Pre-Series B investment of $23m recently, bringing its total investments up to almost $40.
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Misr Italia Properties recorded a 58% year-on-year (YoY) hike in sales during the first half (H1) of 2022 to EGP 4.20 billion.
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Orascom Construction Plc announced adding new awards worth $1.8 billion to its backlog in the second quarter (Q2) of 2022.
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The general assemblies of the National Bank of Egypt (NBE) and Banque Misr (BM) approved their financial statements of the two banks, revealing that they collectively achieved profits before taxes…
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Egypt’s exports of building materials surged by 36% year-on-year (YoY) in the first five months (5M) of 2022, Ahram Gate cited the Export Council for Building Materials, Refractory, and Metallurgy…
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British International Investment, the UK government’s development finance arm, is planning to invest USD 6 bn in Africa over the next five years, with a substantial portion earmarked for debt and…
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Banque Misr, Egypt’s second biggest state-owned bank announced that it has seen 113 percent growth in net profit to 23.5 billion Egyptian pounds during an 18-month period ended in December 2021.
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Egypt is one of the most important investment destinations for India in the region, with a total $3.15bn investment. Indian companies aim to inject more $700m investment in Egypt over the next few…
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The International Monetary Fund (IMF) has maintained its projections for Egypt’s real GDP growth in 2022 at 5.9 percent, while revising it down to 4.8 percent in 2023, said Petya Koeva Brooks the…
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