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Egypt allocates EGP1bln to building materials among support programme
Chairman of the Export Council for Building Materials (ECBM) Waleed Gamal El-Din said that one billion Egyptian…
Egypt 10-year investments in insurance sector hit 102 bln pounds – official
The total investments of Egypt’s insurance sector reached 102 billion Egyptian pounds ($6.3 billion) over the past…
Egypt clinches deal to operate utility systems in new capital
Egypt’s Administrative Capital for Urban Development (ACUD) on Wednesday signed an agreement with two companies to…
Two Egyptian insurance startups get brokerage licences – sources
Two new insurance companies have recently received a three-year licence for insurance brokerage activity, official…
Elsewedy Electric signs $45mln PV plant with S.Sudan
Elsewedy Electric Co, South Sudan’s Ministry of Energy and Dams signed a contract to build a $45 million hybrid…
CIB Egypt bank eyes takeover of Kenyan bank Mayfair
Commercial International Bank (CIB), Egypt’s largest private lender, is planning to buy one of Kenya’s lower-tier…
Dubai’s Majid Al Futtaim to invest in Saudi, Egyptian, other emerging markets – CEO
Dubai-based Dubai’s Majid Al Futtaim is planning to invest in Saudi, Egyptian, Uzbekistani, and Ugandan markets,…
Egypt to receive $1.1bn from ITFC to fund commodities imports – ministry
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.1 billion to support the…
Egypt’s foreign reserves climb to $45.354 bln in Nov. – CBE
Egypt’s net foreign reserves climbed to $45.354 billion in November from $45.247 billion in October, the central…
New power plants in Egypt to save $800mn annually in 3Yrs – minister
Egypt will save around 13 billion Egyptian pounds ($804 million) in energy consumption annually from three power…