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Egypt signs deal with Apache for $3.5bn investment
Egypt’s Ministry of Petroleum and Mineral Resources, jointly with the Egyptian General Petroleum Corporation (EGPC), signed an agreement with Apache Corporation under which the latter will spend a…
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National Bank of Egypt reveals main pillars of its 2022 strategic plan
The National Bank of Egypt (NBE) has announced the most important features of its strategic plan for 2022.
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Egyptian Banking Institute continues developing African human capital
The Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt, continues to implement its strategy to develop the human capital in the African banking sector.
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New insurance law will be issued at beginning of 2nd half of 2022
Mohamed Omran, Chairperson of the Financial Regulatory Authority (FRA), said that the new social insurance law will come into effect by the second half of 2022.
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Egypt almost completes development of 20 industrial zones at EGP 2.8bn
Egypt’s Minister of Trade and Industry Nevine Gamea has stated that the government almost completed the development of 20 industrial zones in Upper Egypt at a financial cost of about EGP 2.8bn, with…
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Egyptian Banking Institute named best financial training institute in MENA
The Egyptian Banking Institute (EBI) has been named the best financial training institute in MENA for 2021 by business journal Capital Finance International (CFI). The central bank’s training arm…
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EFG Hermes signs EGP 750m sale, leaseback agreement with MNHD
Egyptian Financial Group Hermes Holding (EFG Hermes) has inked an EGP 750 million sale and leaseback agreement with Madinet Nasr Housing and Development (MNHD).
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Financial Regulator approves 3 companies’ listing on EGX with fair value exceeding EGP 4bn
The Financial Regulatory Authority (FRA) has approved the listing of three companies on the Egyptian Exchange (EGX), according to FRA Chairperson Mohamed Omran.
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Egypt’s Central Bank extends cancellation of ATM cash withdraw fees
The Central Bank of Egypt announced Thursday a cancellation of cash withdrawal fees from ATMs until June 30, as part of measures to facilitate the customer transactions from different banks.
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Eni signs new deal to invest $1bn in Egypt’s oil sector
Egypt announced it concluded an agreement with the Italian company Eni to explore for oil in the Gulf of Suez and Nile Delta, with a total investment of not less than one billion dollars.
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