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Egyptian tourism revenues returned to pre-pandemic levels in 2021
Egyptian tourism revenues exceeded $13 bn in 2021, returning to pre-pandemic levels, Al Borsa reports Deputy Tourism Minister Ghada Shalaby as saying, citing a Reuters story.
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GB Auto plans to invest 2022’s EGP 550m CAPEX budget on complete knock-down lines
GB Auto said that the CAPEX budget for 2022 is expected to be within the range of EGP 550m and will be focused mainly on complete knock-down (CKD) lines to prepare for the government incentives…
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Misr Capital, Fawry launch ‘Fawry Yawmy’ money market fund
Misr Capital, the investment banking arm of Banque Misr, and Fawry have launched 'Fawry Yawmy' money market fund, an innovative fintech-based investment fund, with a minimum initial investment ticket…
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Egypt implements EGP113bn development projects in 3 years
Egypt has implemented 1,300 development projects with a total value of EGP 113 billion from 2019 to 2021, according to the second issue of the follow-up report on programme budgets and performance at…
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Egypt to issue its 1st sovereign sukuk offering before end of next June
Egypt will issue its first sovereign sukuk offering before the end of next June, according to Deputy Minister of Finance for Financial Policies, Ahmed Kojak.
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Egypt establishes road networks worth EGP 33bn in new cities
Egyptian Prime Minister Mostafa Madbouly affirmed that the state attaches great interest with road development and construction projects, especially those serving new cities.
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CI Capital aims to pilot its factoring services in 2022
CI Capital Holding will launch factoring services in 2022 which is expected to significantly boost the company’s portfolio, a source in CI Capital told local press
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Garment exports exceed $2bn for first time during 2021
The Egyptian garments exports increased by 41% in 2021, which amounted to $2.49bn, compared to 2020’s $1.457bn, according to head of Apparel Export Council of Egypt (AECE), Marie Louise,
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CBE sponsors 3-year programme to raise efficiency of microfinance associations
The Egyptian Federation for Financing Medium, Small, and Micro Projects (EFFMSMP) — under the auspices of the Central Bank of Egypt (CBE) — will organise a three-year programme to raise the efficiency…
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Egypt is 1st African country to issue green bonds
“Egypt is the first African country to issue green bonds,” Finance Minister Mohamed Maait told local press.
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