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Foreign investments in Egyptian sovereign debt rose to $10.6bn June-end
Foreign holdings of Egyptian sovereign debt rose to $10.6 billion by the end of June, and the first two weeks of…
WFP, German development bank launch €15mn project in Egypt
The United Nations World Food Programme (WFP) in Egypt received a generous contribution worth EURO15 million from…
Sawiris’ Orascom Investment to split to two firms for investment, financial services
Egyptian Orascom Investment Holding's board, chaired by businessman Naguib Sawiris, has approved on Monday…
Rising foreign remittances rein current account deficit in Q3 2019-2020
A rise in foreign remittances helped Egypt’s current account cushion the effects of the covid-19 pandemic during 3Q…
New SMEs law provides incentives for innovative entrepreneur, says minister
The new SMEs Act is paying attention to entrepreneurship projects that offer new products and services to meet…
Egypt records 420 new coronavirus cases, 46 deaths on Monday
Egypt reported on Monday 420 new coronavirus cases, taking the toll to 92,482 since the outbreak began in February,…
Four major banks join Egypt’s consumer-spending stimulation initiative
Four banks, the largest in Egypt, are joining the country’s consumer-spending initiative, which will provide…
Fitch affirms Egypt’s rating at B+, with ‘stable’ outlook
Fitch Ratings has on Monday affirmed Egypt's long-term foreign-currency issuer default rating (IDR) at 'B+' with a…
Egypt’s pharmaceutical industry grows at fastest pace – health minister
Egypt’s pharmaceutical industry is growing at the fastest pace in nearly two years, Health Minister Hala Zayed said…
Gold prices in Egypt hike by EGP 2 per gram, 21-carat gold at 867
Gold prices in Egypt today jumped by 2 Egyptian pounds ($0.13) per gram as global gold prices hit a new record over…