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The extraordinary general meeting (EGM) of Palm Hills Developments has approved the issuance of a Sharia-compliant Sukuk worth EGP 3.25 billion, in cooperation with Tharwa Securitization Company.
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Egypt will ban the export of key staples, including wheat, flour, and lentils, a move aimed at safeguarding the country’s food reserves amid the fallout from Russia’s invasion of Ukraine.
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Egypt is “not yet” in discussions with the International Monetary Fund (IMF) over securing a new loan, the country’s Planning Minister Hala al-Saeed told Reuters.
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The volume of funds granted by the Egyptian banking sector to micro, small, and medium enterprises (MSMEs) exceeded EGP 400bn in 2021, Mohamed El-Etreby — the Head of the Federation of Egyptian Banks…
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Egypt’s external debt registered $137.4bn in September 2021, down by about $439.5m, compared to end-June 2021, according to the Central Bank of Egypt.
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The Egyptian economy has shown resilience in the face of the crises that have swept the entire globe over the past two years, affirmed Vice President for Policy and Partnerships at the European Bank…
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The Board of Directors of Abu Qir Fertilisers and Chemical Industries agreed to study the establishment of a project to produce hydrogen and green ammonia in coordination and cooperation with French…
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Egypt’s food industry exports to Russia and Ukraine in 2021 amounted to about $67 million, representing 1.68 percent of the total Egyptian food exports amounting to $4.1 billion at the end of 2021.
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Egypt's annual inflation rate jumped to 10% in February 2022, compared to 4.9% in the same month in 2021, according to the latest data by the Central Agency for Public Mobilization and Statistics…
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EFG Hermes Corp-Solutions, a leasing and factoring subsidiary of EFG Hermes Holding, announced on Wednesday that it has signed a sale and leaseback agreement amounting to EGP 600m with LMD to finance…
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