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Egypt, EU expected to sign energy supply deal soon in shift away from Russian gas
Egypt and the European Union (EU) are expected to sign a deal later in June on gas supply as the European Union is working on reducing its reliance on Russian gas supplies, according to a draft…
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CBE to issue $540m worth treasury bills on Monday
The Central Bank of Egypt (CBE) issued a bid of local treasury bills denominated in the US currency, at a value of $540m, for a period of 364 days, due on 6 June 2023.
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Egypt to share 30 mln shots of COVID vaccines with Africa, Sisi says
Egypt will donate 30 million doses of coronavirus vaccines to African countries, President Abdel-Fattah El-Sisi announced while addressing Africa Health ExCon, the first African health conference,…
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World Bank provides Egypt with $500 mln for food security, social protection net
The World Bank’s (WB) Board of Executive Directors announced its approval on Wednesday of a $500-million-loan to back Egypt’s social protection net and food security in the face of the impacts of the…
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France’s AFD to sign €140 million financing deal with 3 Egypt banks in Q3
The French Development Agency (AFD) will sign a financing agreement worth around €140 million ($150.1 million) with Egypt’s biggest three public banks by the end of the third quarter
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Egypt’s Agriculture Bank pumps EGP 1bn to boost agricultural, livestock in New Valley
Agricultural Bank of Egypt (ABE) provided funds EGP 1bn to stimulate investment in the agricultural and livestock production sectors in the New Valley,according to Alaa Farouk, its Chairperson.
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Egypt’s natural gas, LNG exports jump 98% in 4 months
Egypt’s natural gas and liquefied natural gas (LNG) exports rose by 98 percent to around $3.9 billion in the first four months of the year, according to latest data from the petroleum ministry.
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Egypt’s domestic liquidity rises 2.1% in April
Egypt’s domestic liquidity inched up to 6.416 trillion Egyptian pounds ($344.8 billion) in the at the end of April from 6.280 trillion pounds at the end of March.
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FRA wants to see the EGX’s market cap more than double by 2026
The Financial Regulatory Authority (FRA) wants to see the EGX’s market cap more than double to EGP 1.6 tn by 2026, according to its newly published four-year strategy
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ADCB-Egypt chooses Temenos for next-generation digital payments
Abu Dhabi Commercial Bank (ADCB-Egypt) has expanded its collaboration with Temenos to offer the next-generation digital payments via Temenos open platform for configurable banking, the company…
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