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Banque Misr completes largest syndicated loan worth $1bn
Banque Misr has finalised its largest syndicated term facility with a medium-term loan worth $1 billion to finance various projects and contribute to sustainable development, according to a recent…
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Egypt’s iron and steel exports jump 197% in 8 months
Egypt’s iron and steel exports in the first eight months of 2021 have jumped 197 percent to $1.097 billion, from $369 million in the same period last year
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National Bank of Egypt wins licence to open Saudi Arabia branch
Saudi Arabia’s Cabinet approved on Tuesday a licence for the state-run National Bank of Egypt (NBE) to open a branch in the kingdom, Saudi state news agency SPA reported.
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Trade exchange bet. Egypt, Brazil records $1.3B during 1st of 2021
Trade exchange between Egypt and Brazil increased 22.9 percent, to record $1.3 billion during the first half of 2021, compared to $1 billion during the same period in 2020, according to data from the…
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Egypt named as most attractive African countries for investments, Rand Merchant Bank
South Africa’s Rand Merchant Bank has named Egypt the most attractive African country for investment in a report.
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Egypt’s manufacturing, extractives index declines 12% in July
Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the country saw a 12.9% decrease in its manufacturing and extractives index in July 2021
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Cotton to trade on Egypt’s commodity exchange in 2022
Egypt's Minister of Public Business Sector, Hisham Tawfik, said that cotton will be traded on the commodity exchange starting from 2022.
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Egypt’s ongoing cooperation portfolio with Kuwait Fund amounts to $1.5bn
Egypt's Minister of International Cooperation, Rania El-Mashat, met with the Director General of the Kuwait Fund for Arab Economic Development (KFAED), Marwan Al Ghanim, to explore the possible means…
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Egypt’s MSMEDA allocates EGP 1bn for innovative businesses
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) has allocated EGP 1 billion for innovative businesses, Deputy Chairman Tarek Shashsaid according to local press.
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Egypt exerts increasing efforts to develop exports, open new markets: El-Araby
Egypt has started a series of extensive moves to integrate with the government’s efforts to provide opportunities for small and medium enterprises (SMes) to reach international markets, according to…
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