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Egypt is encouraging owners of informal projects to reconcile their status: Minister
The Medium, Small, and Micro Enterprises Development Agency (MSMEDA) is keen to encourage owners of projects operating in the informal sector to reconcile their status in order to ensure the stability…
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Edita plans to inject EGP 1bn investments in 3M
Edita Food Industries plans to inject new investments worth EGP 1 billion in the upcoming three years.
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Schneider Electric unveils digital plans in Sharm El-Sheikh ahead of COP27
Schneider Electric developed EcoStruxure platform to support Egypt’s environmentally-friendly plans to transform Sharm El-Sheikh into a sustainable and green city.
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Egypt’s annual inflation jumps to 12% in March – CAPMAS
Egypt's annual inflation rate jumped to 12.1% in March 2022, compared to 4.8% in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics…
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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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