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Credit Agricole Egypt’s profit up 14% in 9M initial financials
Credit Agricole Egypt achieved consolidated net profits of EGP 1.179 billion in the first nine months of 2021, up by 13.8% year-on-year (YoY) from EGP 1.036 billion, the unaudited financial results…
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Egypt’s net international reserves hit $40.85bn at end-October
Egypt's net international reserves increased by $24 million during October, according to data released by the Central Bank of Egypt (CBE).
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Egypt pays EGP 1.6bn export subsidies to 700 companies
The Export Development Fund issued 721 export certificates as part of the second batch of the third phase of the immediate disbursement of export subsidies initiative, according to The Minister of…
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Egypt strives to become transport, logistics hub by 2024
Egypt will be transformed by 2024 into one of major global hubs for transport and logistics through a massive 10-year plan to modernize its transport infrastructure, Egyptian Minister of Transport…
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Egypt’s National bank posts EGP 2.6trn in assets
The National Bank of Egypt's (NBE) total asset portfolio increased to EGP 2.6 trillion, acquiring a market share of more than 30% in the Egyptian banking sector, the bank's Deputy Chairman, Yehia…
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Egypt allocates EGP 388m in new funding for veal project
The Ministry of Agriculture approved the allocation of new funding worth EGP 388 million to finance the veal project as part of the presidential initiative of Haya Karima (A Decent Life) for…
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Egypt’s non-oil private sector contracts in October amid inflationary pressures
Egypt's non-oil private sector contracted in October to its lowest level since May amid an international supply chain crisis, a survey showed.
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U.S. signs $125 million economic assistance to Egypt
Egypt and the United States signed on Monday seven bilateral assistance agreement amendments worth $125 million.
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Egypt’s industrial production up 11.3% in Q2-20 – CAPMAS
The value of industrial production grew by 7.1% to EGP 333.5 billion during the second quarter (Q2) of 2020, compared to EGP 313.2 billion in the same quarter in 2019, according to data by the Central…
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Egypt makes up 15% of total FDI into Africa in 2020
Egypt was the top African and third Arab country in terms of attracting foreign direct investment (FDI) during 2020, First Assistant of the Minister of Supply and Chairman of the Internal Trade…
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