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Egypt to issue T-bills, bonds worth EGP 195.25bn in December
The Egyptian government aims to issue treasury bills (T-bills) and bonds worth EGP 195.25bn during December 2021, as part of a larger plan that includes offering local debt instruments worth EGP…
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China accounts for 20% of Africa’s foreign trade: UACCIAP
China is the main trading partner of Africa, accounting for nearly 20% of the continent’s foreign trade, according to Ibrahim El-Araby, President of the Union of African Chambers of Commerce,…
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Egypt seeks to boost SMEs contribution to national economy Official
Egypt is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries noting that in Egypt it only stands at 20 percent, according to the…
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Egypt hosted a delegation of VIP importers to boost the Engineering sector’s exports
The ministry of trade and investments has inaugurated HATS Egypt Exhibition the first and only Exhibition in the Middle East specialized in Home Appliances, Kitchen & Tableware and Hotel…
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Intra-African Trade Fair generates $42.1bn trade, investment deals
The second Intra-African Trade Fair (IATF 2021) generated a record $42.1bn trade and trade-related investment deals, according to the latest tally released today by the IATF Advisory Council. The…
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Egypt’s Housing Bank consolidated net profits down 4.5% in 9M
The initial financial results of the Housing and Development Bank (HD Bank) showed a 4.5% decrease in net profits after tax at EGP 1.58 billion during the first nine months (9M) of 2021 from EGP 1.65…
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Egypt targets $7bln exports to Africa in 2022
The Egyptian government plans to increase the value of exports to Africa to $7 billion in 2022 as part of a broader plan to boost trade with the continent, the cabinet said in a statement.
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Travel bans due to Omicron “hammer blow” to South Africa’s local economy recovery: official
Travel bans on South Africa due to the new Omicron coronavirus variant will be “devastating” for the provincial economy as the local government is seeking for a recovery on its key tourism sector from…
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Egypt’s exports increase 40% in 9 months
Egypt has exported goods worth a total of $29.7 billion during the first nine months of 2021.
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Orascom Financial Holding records EGP 54.5m profits by end-September
Orascom Financial Holding (OFH) has achieved EGP 54.58 million consolidated net profits since the company's establishment until 30 September 2021.
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