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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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Orascom Development Egypt (ODE) announced that its subsidiary Orascom for Real Estate (ORE) has signed a facility agreement worth 1.5 billion Egyptian pounds ($79.3 million) with Commercial…
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Egypt will host the representatives of 42 African countries at the General Assembly and the Board of Directors’ committee meetings of the African Reinsurance Corporation (Africa Re) on Wednesday after…
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The first official meeting of the Higher Committee for Industrial Partnership, comprising Egypt, the UAE, and Jordan, was held in Cairo on Monday. The committee agreed to conduct feasibility studies…
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Commercial International Bank (CIB), one of Egypt’s largest private banks, reported on Monday a net profit worth 7.773 billion Egyptian pounds ($410.4 million) for the first half of the year.
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The European Union (EU) has provided Egypt with a grant of EUR 117.90 million to support the country’s water and energy sectors, the Minister of International Cooperation, Rania El-Mashat, announced.
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The Ordinary General Assembly of the Federation of Egyptian Banks approved the results of the candidacy for membership in the Federation’s Board of Directors on Sunday.
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