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Egypt pays EGP 875m in export subsidies to 456 companies
The Export Development Fund issued 338 export certificates under the third phase of the immediate disbursement of export subsidies initiative among the export support programme, The Minister of Trade…
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Egypt secures EUR 100 mn funding from France to establish a wholesale market
Egypt has secured EUR 100 mn funding from France to establish a wholesale market in Borg El Arab, the Supply Ministry said in a statement following a visit to France by Minister Ali Moselhy on Friday.
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EFG Hermes has, once again, topped the EGX’s brokerage league table
Financial Brokerage Group has occupied first place among Egypt’s brokerage companies in the first nine months (9M) of 2021, with a substantial trading value of EGP 81.5bn, accounting for 12.1% of the…
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CBE obliges banks to improve access for people with disabilities
Banking for people with disabilities can be very challenging if bank facilities aren’t accessible. To improve access for people with disabilities and achieve financial inclusion
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SAIB arranges syndicated loan of EGP1.2b for Kharafi National’s infrastructure projects
SAIB Bank has signed a medium-term syndicated loan of EGP 1.2bln for Kharafi National’s infrastructure development with the participation of four other banks.
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Egypt’s marble exports up to $200M in 8 months
The Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM) announced an increase in the marble and granite exports in the period between January and August 2021.
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Egypt’s exports to Zambia reach $15M in 2020
Egypt’s exports to Zambia reached $15 million during 2020, according to head of the Egyptian Commercial Office in the Zambian capital, Lusaka Mohamed Abdullah.
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Egypt’s EFG Hermes in talks to buy stake in Spain’s Ignis – paper
Cairo-based investment bank and financial group EFG Hermes is in talks to buy a stake in privately held Spanish power generation company Ignis Energia, Expansion newspaper reported on Thursday.
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Mercedes to supply Egypt with 2,510 ambulances worth EGP 3bn
The German auto manufacturer, Mercedes-Benz Vans, agreed to supply Egypt with 2,510 ambulances and mobile medical clinics at a cost of over EGP 3 billion as part of the national project for rural…
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Egypt’s debt-to-GDP ratio lower than many European countries – Maait
Egypt is keen on enhancing the engagement of local and foreign private-sector companies in supporting the national development plans, according to Egyptian Minister of Finance, Mohamed Maait.
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