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Egypt’s trade deficit  decreased by 39.7%, according to the Central Agency for Public Mobilisation and Statistics’ (CAPMAS) monthly Foreign Trade Data Bulletin for March 2022.
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Egypt’s economic growth is expected to account for 17% of Africa’s output growth in 2022, according to a report prepared by the African Import-Export Bank (Afreximbank).
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The National Bank of Egypt (NBE) subscribed to increase the capital of the African Export and Import Bank (Afrexim Bank) with a value of $326.6m, paying the required 40% at a value of $130.6m.
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Minister of Trade and Industry Nevine Gamea expressed Egypt’s full commitment to supporting the multilateral trading system and activating its role in facing the current global economic challenges.…
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Banque du Caire (BdC), Egypt’s third largest public state-lender, announced on Monday that its net profit recorded 800 million Egyptian pounds ($42.6 million) in the first quarter of the year.
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Egypt’s Safaga Port received on Sunday a French wheat shipment of 63,000 tons for the General Authority for Supply Commodities (GASC), the Port authority announced.
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Egypt is aiming at offering  shares of 25 percent of the  state-owned Misr Life Insurance in an initial public offering (IPO) by end of this June, an official told the local press
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Beltone Financial Holding, a 58.2% subsidiary of Orascom Financial Holding (OFH), has received a mandatory purchase offer from Chimera Investments, an Abu Dhabi-based private investment company, or…
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e-finance Group for financial and digital investments signed a memorandum of understanding (MoU) with the Libyan Ministry of Finance to provide electronic payment services to the Libyan government and…
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Minister of Trade and Industry Nevine Gamea stressed the importance of strengthening joint efforts among African countries to deal with the current economic challenges.
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