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The Agricultural Bank of Egypt (ABE) inaugurated last week its latest business development centre in Benha, Qalyubeya governorate, as part of the NilePreneurs initiative launched by the Central Bank…
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Commercial International Bank will raise interest rates on its dollar-saving certificates, to be the first private bank operating in Egypt to take this step following suit of major state-run banks;…
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Finance Minister Mohamed Maait said an assistance package from the IMF is in the “final confirmation” stage.
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Minister of Transportation Kamel El-Wazir followed up on the preparations for the trial operation of the monorail system in which it will travel from the workshop to the New Administrative Capital…
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The International Monetary Fund (IMF) has revised its projections for Egypt’s real GDP growth in 2022 to 6.6 percent up from 5.9 percent it had expected in July, but lowered it for 2023 to 4.4 percent…
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The volume of external debt owed by Egypt decreased to $155.708bn by the end of June 2022, compared to $157.801bn at the end of March — a decrease of about $2.093bn, according to The Central Bank of…
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Egypt recorded an 8% year-on-year (YoY) decline in the value of furniture exports to $170 million during January-August 2022, according to the Egyptian Furniture Export Council (EFEC).
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The consolidated financial statements of Qatar National Bank Al Ahli (QNB Al Ahli) showed a 22% year-on-year (YoY) increase in net earnings during the first nine months (9M) of 2022, according to a…
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President Abdel Fattah al-Sisi has approved $2.4 million agreement between with the Kuwait Fund for Economic Development to finance the studies for on rail link project between Egypt and Sudan, the…
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Net foreign direct investment (FDI) inflows rose by 71.4% to hit about dlrs 8.9 billion during last fiscal year (FY) 2021-2022, if compared to the same period last fiscal year (FY) 2021-2022.
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