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Egypt’s economy to increase gradually over next three years: Reuters
Egypt’s economy is expected to increase gradually over the next three years, with inflation gradually falling from double digits and the pound weakening in the near-term, according to a Reuters poll…
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Egypt to debut an official website for Ministry of Tourism
Egyptian Minister of Tourism and Antiquities will launch an official website for the according to official statement.
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Dutch FMO commits USD 10 mln to Algebra’s second tech fund
FMO, the Dutch entrepreneurial development bank, has signed a $10 million commitment to the second fund of Algebra Ventures, an Egyptian venture capital company.
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Egypt’s exports to Germany jump 31% in 2021 – CAPMAS
Egypt’s export value to Germany surged by 31.30% to $848.20 million in 2021 from $646.10 million in 2020, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
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Egypt’s president urges world to support Africa’s efforts in facing climate change
Egyptian President Abdel Fattah el-Sisi called upon the rest of the world to support Africa in efforts to tackle climate change, noting that the continent has hit hard by the impacts of the…
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CIB succesfully closes EGP 700m on-balance sheet corporate bond issuance
Drive Finance and Non-Banking Services (GB Auto’s subsidiary) announced it has issued a corporate bond of EGP 700m the first issuance of an EGP 2bn programme with Commercial International Bank (CIB),…
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ABE opens new business development service centre in 6th of October to support SMEs
The Agricultural Bank of Egypt (ABE) has inaugurated a new business development service centre in the 6th of October City, as part of the NilePreneurs Initiative launched by the Central Bank of Egypt…
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African Development Bank approves $271m financing for Egypt
The Board of Directors of the African Development Bank approved a development financing for Egypt worth $271m, within the framework of the rapid financing mechanism to face the repercussions of the…
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Banque du Caire gets Egypt’s central bank nod for Telda card
The Central Bank of Egypt (CBE) has approved for Banque du Caire to launch the Telda prepaid card.
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Swvl expands to Mexico with fourth acquisition of 2022:
Cairo-born mass transport app Swvl is continuing its buying spree with the acquisition of Mexico-based transport firm Urbvan Mobility, giving the Nasdaq-listed startup access to the second most…
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