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Egypt’s industrial sector contributes 11.7% of GDP
The industrial sector contributes 11.7% to the country’s GDP and employs about 28.2% of the total Egyptian workforce,according to Minister of Trade and Industry Nevine Gamea.
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valU, Arab Developers Holding partner to provide customers with maintenance installment plans
valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, partnered for the first time with Arab Developers Holding, a leading real estate developer in Egypt, to offer…
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AfDB to establish African Pharmaceutical Technology Foundation
The African Development Bank (AfDB)’s Board of Directors approved the establishment of the African Pharmaceutical Technology Foundation (APTF) on Monday.
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Egypt’s National Bank to open its first branch in South Sudan on Tuesday
The National Bank of Egypt (NBE) will be opening its first branch in Juba, South Sudan with a capital of $30m this Tuesday.
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Majid Al-Futtaim opens Global Solutions headquarters in City Centre Almaza
Majid Al-Futtaim — the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia — opened the doors to its Global Solutions headquarters at City Centre…
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Egypt’s chemical industry exports jump 33%
Egypt’s Chemical and Fertilizers Export Council’s report revealed that the sector’s exports have witnessed an increase of 33% during first five months o this year, amounting to $3.5bn compared to…
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Private sector, multilateral finances important to support Africa; Aswan Forum
Experts and officials during the two-day Aswan Forum for Sustainable Peace and Developmen asserted the importance of multilateral finances and the private sector in mobilising finances for climate…
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A new Egypt deal with IMF likely to be four-year EFF loan, Maait
A new Egyptian deal with the International Monetary Fund (IMF) could be under the Extended Fund Facility (EFF) for four years, Egypt’s Minister of Finance Mohamed Maait told Bloomberg TV.
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CBE keeps interest rates fixed for first time since start of Ukraine war
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) kept the current key interest rates unchanged in its meeting held on Thursday.
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Egypt’s exports of iron and steel up 1% in 4 months
Egypt’s iron and steel exports grown by 1 percent during the first four months of 2022, registering about $472 million against $468 million in the corresponding period of 2021.
Egypt's exports of…
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