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Egypt’s non-oil economy continues to fall amid inflation, PMI
The S&P Global Egypt Purchasing Managers’ Index (PMI) edged up to 46.9 points last April from 46.5 points in March, as inflation continues to affect the country’s non-oil activities.
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Egypt’s Agriculture Bank completes preparations ahead of wheat harvest season
The Agricultural Bank of Egypt (ABE) has completed its preparations ahead of the 2022 local wheat harvest season, according to its Chairperson Alaa Farouk.
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Egypt’s exports of building materials hit $1.19B in 2 months
Egypt's exports of building materials, refractory and metallurgy industries hit $1.19 billion from January to February of 2022, recording an increase of 29 percent, compared with $926 million during…
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CBE includes medical professions in SMEs initiative at an interest rate of 5%
The Central Bank of Egypt (CBE) decided to include physicians, physiotherapists, and dentists from members of the Federation of Medical Professions Syndicates to benefit from the initiative for small…
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JICA, Afreximbank sign $200mn loan agreement to support COVID-19 responses through private sector
The Japan International Cooperation Agency (JICA) signed a loan agreement of up to $200m with the African Export-Import Bank (Afreximbank) on 30 March to support COVID-19 responses through private…
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NBE, Banque Misr amass EGP 423 bln for their recent saving certificates in 2 weeks
The National Bank of Egypt (NBE) and Banque Misr announced that the proceeds of the one-year saving certificates with a 18 percent return, launched on March 21, amounted to EGP 423 billion by the end…
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Egypt’s textile exports surged to $287M in 2 months
Egypt’s textile exports surged by about 25 percent to $287 million in January and February 2022, up from $229 million in the same period of 2021, the Textile Export Council said.
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AAIB, NBE provides EGP1.8bn syndicated loan to Hassan Allam’s subsidiary
National Bank of Egypt (NBE) and the Arab African International Bank (AAIB) signed on April 5th an EGP 1.8 billion 7-year syndicated loan with a subsidiary of Hassan Allam Properties to fund a…
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Egypt is hosting North Africa Trade Finance Summit on June 7-8
Egypt is hosting on June 7-8 the North Africa Trade Finance Summit (NATF 2022), which will be held over two days having under theme "Improving Trade Resilience Amid Series of Global Supply Chain…
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Egypt food exports reach $625M in first two months
Exports of the Egyptian food industry increased by 3 percent in the first two months of 2022, recording $625 million against $609 million in the corresponding period in 2021, according to Chairman of…
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