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Egypt hosts 6th Food Africa exhibition with participation of 400 companies
Egypt’s Minister of Trade and Industry Nevine Gamea, on behalf of the Prime Minister, inaugurated the sixth edition of Food Africa 2021 exhibition, which will run from 12 to 14 December, with the…
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CI Capital’s Cleopatra bid gets Financial Regulatory Authority approval
CI Capital’s bid to acquire 26.2% of Cleopatra Hospitals Group has received the greenlight from the Financial Regulatory Authority (FRA), the regulator said in a statement.
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Export Development Bank of Egypt to increase capital by EGP 2bn
The board of Export Development Bank of Egypt (EBE) gave the green light for raising the issued and paid-up capital by EGP 2 billion through rights issue of 200 million shares at a par value of EGP 10…
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Egypt seeks to raise chemical exports to $6.5bn in 2023
The Chemical and Fertilizers Export Council (CFEC) plans to raise Egypt's exports of chemical industries to $6.5 billion in 2023, compared to $5.2 billion in 2020, the council's Chairperson, Khaled …
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Egypt’s annual inflation slips to 6.2% in November – CAPMAS
Egypt’s annual urban inflation went down to 6.2% in November, compared to 6.3% in the same month in 2020, according to official data
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Egypt’s foreign reserves up 0.14% in November – CBE
Egypt’s net international reserves have increased by 0.14% month-on-month (MoM) to $40.9 billion at the end of November 2021, according to official data by the Central Bank of Egypt (CBE).
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Aldar-ADQ consortium acquires 85.5% stake in Egypt’s SODIC
A consortium comprising Aldar Properties and ADQ will acquire around 85.52% of the outstanding share capital of Six of October Development and Investment (SODIC) following a mandatory tender offer…
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Hassan Allam, Russia’s Titan launch new company to construct El-Dabaa nuclear power plant
Egypt’s leading engineering, construction, and infrastructure company Hassan Allam Holding has partnered with the Russian company Titan Holding to launch a joint company to carry out construction…
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Egyptian furniture exports rise to $212.1M in 10 months
The Egyptian Furniture Export Council announced that the sector's exports during the first 10 months of 2021 increased by about 10 percent to reach $212.1 million, compared to $192.53 million during…
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Egypt’s MSMEDA injects EGP 14m small, micro enterprises in Gharbia
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected more than EGP 14.2 million in supporting small and micro enterprises in Zefta in Gharbia governorate.
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