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Egypt approves 3 draft petroleum commitment deals
The Egyptian cabinet approved three draft petroleum commitment agreements with a total minimum drilling of 13…
Egypt plans to localise railway industry with Hungary’s Ganz-MAVAG
The Egyptian Minister of Transport, Kamel El-Wazir is seeking plans to localise the railway industry in cooperation…
OPay bids for digital banking licence in Egypt
Fintech company OPay announced on Sunday its plans to apply for a licence to set up a digital bank in Egypt, with a…
Egyptian Exchange briefing 30/07/2023
The Egyptian Exchange closed high on Sunday with the main index, EGX 30, soaring by 1.24 percent to 17,554.56.
Sisi calls for consensual solution on grain export agreement
President Abdel Fattah al-Sisi said on Friday that it is important to find a consensual solution on the grain…
Putin pledges African countries free grains despite Western sanctions
Russia would remain a reliable food supplier for African countries despite illegal Western sanctions, according to…
CBE: monthly transactions via mobile wallets increase to EGP 100bln
The Central Bank of Egypt (CBE) announced on Thursday that the monthly transactions via mobile wallets services in…
Egypt’s Ain Sokhna port to get direct revenue of $5 bln in 30 years
The Egyptian Minister of Transport Kamel El-Wazir said that Ain Sokhna port development project - Egypt's largest…
Russia bans rice export until end of 2023
The Government of the Russian Federation has imposed a ban on exports of rice and rice groats until December 31…
Egypt’s SODIC H1 profit climbs 15.5%
Egypt’s property developer SODIC reported on Sunday a 15.5 percent year-on-year growth in profit for the first half…