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Nigerian airlines suspend flights over soaring fuel prices
Nigerian airlines are to suspend all flights from Monday over rising jet fuel prices, an umbrella organisation of operators said on Saturday.
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NBE, ABE provides EGP 3bn syndicated loan to General Authority for Reconstruction Projects, Agricultural Development
The National Bank of Egypt (NBE) — in its capacity as a financing agent — and the Agricultural Bank of Egypt (ABE) — in its capacity as a guarantor — signed a joint loan contract for the benefit of…
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MSMEDA injects EGP 2bn to finance 60k projects during Q1-22
MSMEDA financed more than 60,000 small and micro projects during the first quarter (1Q) of 2022 with about EGP 2bn, which generated over 105,000 jobs, according to Minister of Trade and Industry…
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Egypt’s international reserves slightly increase in April
Egypt’s net international reserves (NIRs) rose slightly in April to $37.1 billion, up from $37 billion posted in March, the Central Bank of Egypt (CBE) announced.
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Egyptian commerce, industry federations deny reports of closing gold market over unstable prices
The Federation of Egyptian Industries (FEI) and the Federation of Egyptian Chamber of Commerce (FEDCOC) denied reports on halting buying and selling gold in the country due to the allegedly unstable…
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Canada’s Parliamentary Secretary Oliphant starts Egypt, Morocco visit today
Robert Oliphant, Parliamentary Secretary to Canada’s Minister of Foreign Affairs, is visiting Egypt and Morocco from May 8 to 12, said Minister of Foreign Affairs Mélanie Joly on Saturday.
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Egypt may get Ukrainian wheat through Polish and Lithuanian seaports
Polish President Andrzej Duda will visit Egypt next month to coordinate ways to ship Ukrainian wheat to Egypt amid the war, potentially through Polish seaports, Duda said in an interview with the Wall…
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Egypt, Eni announce launch if first pilot carbon capture project
Egypt's Oil and Gas Ministry and Eni are implementing a pilot carbon capture project at the Italian energy firm’s Meleiha concessions in the Western Desert, according to a ministry statement.
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Egypt’s plans to offer companies on EGX are back, to start in September, Minister
Egypt will start offering shares in state companies on the country’s stock exchange starting from September, Public Enterprise Minister Hisham Tawfik told Reuters on Saturday.
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Egypt’s budget more flexible to face severe world economic crises, Maait
The Egyptian general budget is more flexible in light of the severe world economic crises, Minister of Finance Mohamed Maait announced.
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