Egypt’s c.bank, CBN sign MoUs to exchange expertise in fintech, e-payment system
The Central Bank of Egypt (CBE) signed two Memorandum of Understanding (MoU) with the Central Bank of Nigeria (CBN)…
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Egypt’s GDP expects to rise about $18bln by 2050 due to green hydrogen – IDSC
Egypt’s GDP is expecting to rise between $10 to $18 billion as a result of a nearly seven-fold increase in the…
Ford cuts prices on its electric F-150 Lightning pickups by $10K
Ford Motor announced on Monday that it cuts prices for its electric F-150 Lightning pickup, saying its efforts to…
EBRD extends $100 mln loan to Egypt’s Banque Misr for MSMEs
The European Bank for Reconstruction and Development (EBRD) grants Banque Misr a $100 million loan for on-lending…
ADIB-Egypt signs IFC first murabaha funding deal worth $50 mln
Abu Dhabi Islamic Bank - Egypt (ADIB) signed a support financing agreement with the International Finance…
Egypt’s GAFI studies building 3 new free zones
Egypt’s General Authority of Free Zones and Investment (GAFI) CEO Hossam Heiba said that the government is planning…
Madinet Masr deals with MEDCOM for projects with investments of EGP 1bln
Egypt-based developer Madinet Masr has signed a MoU with Misr Engineering Development Company (MEDCOM) for a number…
China’s economy boosts by 6.3% in Q2 of 2023
The world’s number two economy reported on Sunday that GDP for the second quarter grew 6.3 percent, from a year ago…
Qatar trade balance falls by 47% in May
Qatar's merchandise trade balance surplus last May declined by 46.8 percent year-on-year to 18.2 billion Qatari…
Nissan recalls 700K cars from Japan for manufacturing defects
Nissan has announced the recall of 699,000 vehicles in Japan to address a range of defects that also affect more…