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Egypt launches microfinance programme to contain informal economy
The Egyptian government has launched a microfinancing programme called “Nano Finance” to integrate the informal…
Beltone: Egypt central bank likely to keep rates steady at Jan. 16 meeting
Egyptian investment bank Beltone Financial said on Thursday the country’s central bank is set to hold interest…
5 African countries invite Egyptian contractors to invest in $650mn projects
Egyptian contracting firms are invited to participate in eight giant infrastructure projects in five African…
Egypt’s Industrial Development bank performing loans rise 38% 2019-end
Egypt’s state-run Industrial Development bank (IDB) said on Saturday its performing and non-performing loans…
Mankai agrees with 80 firms to invest in China-Egypt textile park
Chinese firm ManKai Investment has signed agreements with 80 Chinese and international firms to participate in the…
National Bank of Egypt raises $68 billion since 2016-pound float
Egypt’s biggest state-run lender, the National Bank of Egypt (NBE) has raised $68 billion since the liberalization…
Egypt’s annual headline inflation rises to 7.1% in December
Egypt’s annual urban consumer inflation rose to 7.1% in December from 3.6% in November, statistics agency CAPMAS…
AAIB grants EGP 200m loan to Premium International
Arab African International Bank (AAIB) has provided Premium International for Credit Services 200 million Egyptian…
Egypt executes 20 desalination plants with EGP 11.13bn investments
Egypt is building 20 desalination plants with a total capacity of 553,000 cubic metres per day with total…
Al Delta, Gemco sign EGP 300m contract for foundry project
Al Delta Steel Company, an Egyptian public business sector firm, has signed a contract with Gemco Cast Metal…