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Egypt’s Gamea denies issuing any restrictions to limit imports from Saudi companies
Egypt has denied issuing any decisions that would prevent the export of Saudi products to the Egyptian market, according to The official spokesperson for the Ministry of Trade and Industry Yasser…
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Egypt, WB discuss preparations for strategic partnership framework for 2023-2027
The Egyptian government and the World Bank (WB) meet to discuss preparations for a strategic partnership framework between Egypt and the World Bank for the period from 2023 to 2027.
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CIB’s consolidated profits Jumps 48% in Q1-22
The Commercial International Bank-Egypt (CIB) has registered consolidated net profits after tax worth EGP 4.25 billion during the first quarter (Q1) of 2022, an annual jump of 48% from EGP 2.87…
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Egypt’s CBE reveals reasons for high inflation rates in March
Annual headline urban inflation increased to record 10.5% in March 2022 from 8.8% in February 2022, marking the highest rate since June 2019, according to the Central Bank of Egypt.
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Egypt decides to temporarily suspend some international firms’ imports
Egypt decides to temporarily suspend some international companies from the list of companies approved to export to Egypt, the Trade Ministry said in a statement.
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Egypt aims to host 2023 annual Asian Infrastructure Investment Bank meeting
Egypt plans to host the eighth annual meeting of the board of governors of the Asian Infrastructure Investment Bank (AIIB) in 2023, according to Finance Minister Mohamed Maait
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Standard Chartered ends operations in 7 businesses in Africa, Mideast to focus on Egypt, Saudi Arabia
Britain’s Standard Chartered is planning to exit its operations in seven countries in Africa and the Middle East, the mass exodus move aims to narrow its focus to the region’s faster-growing markets,…
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Banque Misr, Finastra cooperate for digital finance services
Finastra has announced that Egyptian state-run Banque Misr selected Fusion Trade Innovation and Fusion Corporate Channels to digitalise its financial services and attract new clients.
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Arab African Bank
Arab African International Bank (AAIB) has collaborated with Liferay, a digital platform provider, to promote the bank's digital transformation and enable its customers to have access to various…
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Eni signs deal for Egypt’s gas export to Europe
Italy’s oil and gas giant Eni announced it signed an agreement to promote Egypt’s gas export to Europe, and specifically to Italy, in the context of the transition to a low carbon economy.
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