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President Abdel-Fattah El-Sisi has ordered the government and the Central Bank of Egypt (CBE) to formulate new initiatives to attract foreign investments into the country.
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 Egypt was able to conclude development financing agreements worth $20 bn, about $5bn of which (25%) went to private sector companies and commercial banks according to Minister of International…
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Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of…
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The Engineering Export Council of Egypt (EEC) announced that Egypt’s engineering exports increased by 24% to $2.44bn in the first eight months of 2022, compared to $1.96bn in the same period of 2021.
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, participated in the 2022 IIF Emerging Markets Sustainable Finance Summit hosted by the Institute of International Finance…
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The Sovereign Fund of Egypt plans to take military-owned filling station Wataniya and bottled water company Safi public on the EGX before the end of 2022, according to a a cabinet statement.
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Import challenges facing manufacturers will be solved within two months, President Abdel Fattah El Sisi said yesterday (watch, runtime 8:37).
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CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable development
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Following the 2020 takeover of a 75% stake by EFG Hermes Holding and GB Capital in Tokio Marine Egypt Family Takaful, the company has been rebranded to Kaf.
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Egypt’s net foreign direct investment (FDI) inflows surged by 53% to $7.30 billion during the July 2020-March 2022 period, Akhbar Elyom cited Mohamed Abdel Wahab, CEO of the General Authority for…
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