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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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Africa is expected to move toward regional integration through the African Continental Free Trade Area (AfCFTA) in order to create new opportunities for the companies and diversify African exports,…
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The Suez Canal Economic Zone (SCZone) is cooperating with the European Bank for Reconstruction and Development (EBRD) to launch the second phase of technical support provided by the bank during the…
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The Commercial International Bank (CIB) – Egypt has issued the first Ecological Footprint report in Africa, aiming to support the state’s transition to a green economy.
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The Central Bank of Egypt is now focusing efforts on launching "Know your customer" program, which enables people to open bank accounts online, according to Assistant Sub-Governor of the Central Bank…
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Egypt’s Minister of Trade and Industry Nevine Gamea met with Ambassador of the UAE to Cairo Mariam Khalifa Al-Kaabi on Monday to discuss the latest economic developments regionally and globally.
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Misr Italia Properties is looking to issue securitisation bonds worth EGP 700 mn during 4Q2022, Al Shorouk quoted CEO and Managing Director Mohamed Hany El Assal as saying.
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Rising global wheat prices could cost the government an additional EGP 15 bn this fiscal year, Finance Minister Mohamed Maait told Bloomberg Asharq
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Egypt’s banks processed 1 bn electronic transactions in 2021 worth a total of EGP 2.8 tn, said the Central Bank of Egypt’s Sub-Governor for Payment Systems and Business Technology Ayman Hussein,…
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The volume of Islamic banking in Egypt amounted to EGP 429bn in 2021, with a growth rate of 17.4%, according to a report from the Egyptian Islamic Finance Association (Eifa).
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