Egypt
Egypt: Banque du Caire raises its investment in Afreximbank by $82M
Banque du Caire announced an increase in its investment in the African Export-Import Bank “Afreximbank” by $82 million, bringing its total investment in ...
Egypt
Egypt: Saudi Al Hokair acquires 5% of ValU’s shares
EFG Hermes’ subsidiary, ValU Company announced that Fawaz Abdulaziz Al Hokair, Salman Abdulaziz Al Hokair and Abdul Majeed Abdulaziz Al Hokair (Al Hokair ...
Egypt
Egypt: Egypt able to overcome all challenges thanks to economic reform program: CBE Governor
16 June 2022: The Egyptian state is able to overcome challenges thanks to economic reform programmes, according to Governor of the Central Bank ...
Egypt
Egypt: First Abu Dhabi announces completion of legal merger of assets of Bank Audi – Egypt
First Abu Dhabi Bank announced Sunday the completion of the legal merger of the assets of Bank Audi Egypt and the change of ...
Egypt
Egypt: Egypt’s annual core inflation records 13.3% in May: CBE
The annual core inflation rate recorded 13.3 percent in May 2022, compared to 11.9 percent in April 2022, the Central Bank of Egypt ...
Egypt
Egypt: Egypt Pays $24 Bln on Debt, Foreign Investors Exit
Egypt paid $24 billion in the first five months of 2022 to service foreign debts and to cover foreign investors withdrawing funds from ...
Egypt
Egypt: World Bank raises its forecast for Egypt’s economic growth to 6.1% in 2022
The World Bank raised its forecast for the growth of the Egyptian economy during 2022 to 6.1 percent, compared to 5.9 percent in ...
Egypt
Egypt: Telecom Egypt and Etisalat Misr sign $900 million commercial deals
Operators Telecom Egypt and Etisalat Misr have announced the signing of six new commercial and strategic agreements worth a staggering EGP 17bn ($911 ...
Egypt
Egypt: Egypt’s net foreign reserves record $35.5B in May
Egypt’s net foreign reserves decreased $1.63 billion during May, the Central Bank of Egypt (CBE) announced Monday. The net foreign currency reserves reached ...
Egypt
Egypt: Egyptian B2B eCommerce Shipper ShipBlu Partners With Location Tech Provider What3words
Egyptian eCommerce shipping company ShipBlu is partnering with what3words, a location technology company, to help ensure shipping accuracy and efficiency, the companies announced in a ...
