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EIB announces supporting Egypt’s green, sustainable projects
Vice President of the European Investment Bank (EIB) Gelsomina Vigliotti visited Cairo to discuss with Egyptian officials areas of cooperation, follow up on ongoing projects, and discuss projects in…
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Banque Misr obtains license to operate in Somalia
The Board of Directors of the Central Bank of Somalia (CBS) agreed to issue a license to Banque Misr to operate within the country.
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Egypt launches Gosoor e-catalogue for exportable products, six branches abroad
Egypt’s state-owned Gosoor (Bridges) announced on Monday the inauguration of its first six branches abroad and the launch of its electronic catalogue for Egyptian exportable products that aim to…
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Egypt’s engineering industries exports surge 31% in 5M
Egypt’s exports of engineering industries have amounted to $1.55 billion during the first five months (5M) of 2022, an annual jump of 31% from $1.18 billion.
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Egypt’s Central Bank issues 1st new polymer banknotes
The Central Bank of Egypt (CBE) has issued the new and first EGP 10 plastic banknote, which was printed in the new printing house in the New Administrative Capital (NAC).
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IFC provides $150M ElSewedy Electric to develop solar energy projects
ElSewedy Electric announced that it has secured $150 million in financing from the International Finance Corporation (IFC).
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Egypt achieved significant GDP growth in recent years: EBRD report
Although Egypt achieved significant real GDP growth thanks to its economic reform programme, the private sector’s potential to push development needs to be unblocked, according to a recent report…
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Qalaa Holdings achieves EGP 18.7bn in consolidated revenues in 1Q
Qalaa Holdings consolidated revenues jumped to EGP 18.7bn during the first quarter (1Q) of 2022 — an annual growth rate of 134%.
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Qatar in talks to invest USD 2-3 bn in Egypt
Qatari officials have discussed investing USD 2-3 bn in the local market in talks with the Madbouly government, Finance Minister Mohamed Maait told reporters on the sidelines of Amcham’s annual…
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Egypt’s real GDP growth may be seen at 6.2% by end of June
Egypt's real GDP growth is expected to record 6.2 percent by the end of the current FY2021/22, with an expected 1.2 percent of GDP in primary surplus and 6.2 percent in budget deficit, according to…
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