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Hassan Allam ups stake in SODIC by 3.9 %
Hassan Allam Properties raised its stake in Six of October Development and Investment (SODIC) to 3.9 percent from…
Egypt puts in place scheme ahead of Senate elections – ministry
Egypt’s Interior Ministry has completed security preparations nationwide ahead of the 2020 Senate elections, a…
Egypt sends second batch of aid to Lebanon after Beirut’s deadly explosion
Egypt has sent the second batch of aid to Lebanon under an air bridge operated to provide emergency assistance to…
FinMin garners EGP 30 bn in back taxes after settling 30k tax disputes
The Finance Ministry settled more than 30k tax disputes between March and June, collecting the government more than…
Orascom Development sells EGP 104.8 mn land plot in El Gouna to Mangroovy Hotels
Orascom Development Egypt has sold a 40k sqm plot of land in El Gouna to Mangroovy Hotels for 104.8 million…
EBRD approves a $50 mn long-term loan to finance a wind power plant in Suez
European Bank for Reconstruction and Development has approved $50 million long-term loan to help finance a $ 560…
Egypt’s Amer calls for huge IMF, World Bank rescue package for Africa
Central Bank of Egypt Governor Tarek Amer has called on the IMF and the World Bank to extend more than USD 500 bn…
Egypt cancels tender for establishing 200MW power plant in West Nile
Egyptian Electricity Transmission Co. (EETC) cancelled its tender for establishing a solar photovoltaic power plant…
Gold prices in Egypt decline significantly on Saturday
Gold prices declined significantly in Egypt and internationally on Saturday, the price of most popular 21-karat…
Russia’s Sberbank structures Islamic trade finance deal to supply wheat to Egypt
Russia’s Sberbank structured its first trade finance agreement with an Islamic bank to supply Russian wheat to…