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ITFC approves $2.6 billion financing for Egypt
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group,…
Egypt’s Cabinet approves international issuance of sovereign sukuk
Egypt’s Cabinet has given the finance ministry the go-ahead to take measures aimed at issuing sovereign sukuk, or…
Egypt registers first-half primary surplus of EGP 3.2 billion
Egypt registered a primary surplus of 3.2 billion Egyptian pounds ($204.34 million) in the July-December period of…
Vodacom shareholders approve Vodafone Egypt acquisition deal
Shareholders in South Africa’s largest mobile operator Vodacom Group have approved on Tuesday a deal to buy a 55…
EGYPS 2022 taking place at a vital time ahead of COP27
The Egypt Petroleum Show (EGYPS) is one of the most important events across the oil, gas, and energy sector in…
Egypt plans to set up its first accredited gold refinery
Egypt is working on setting up its first accredited gold refinery, Petroleum Minister Tarek el-Molla told Sky News…
World Bank revises up FY2021/22 GDP forecast for Egypt to 5.5%
The World Bank forecast on Tuesday revised up its forecast for Egypt’s GDP growth to 5.5 percent for the financial…
UAE’s Al Nowais to invest $1 billion in two renewable energy plants in Egypt
UAE-based Al Nowais Investments is investing $1 billion in two renewable energy plants in Egypt through its energy…
EIB, AFD to sign €300 mln loan for Egypt rail project this quarter: sources
Egypt is expected to sign a €300 million ($342.7 million) loan agreement with the European Investment Bank (EIB)…
Egypt’s Banque Misr pretax profit jump 53.7% at Sept-end
Egypt’s second largest public bank Banque Misr reported on Wednesday a 53.7 percent growth in pretax profit at the…