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Egypt to settle 1.5 billion pounds in arrears for 1,177 exporters
Egypt plans to settle 1.5 billion Egyptian pounds ($95.2 million) worth of arrears in favour of 1,177 exporters,…
Sarwa Capital to raise paid-in capital to 100mn Egyptian pounds June-end
Sarwa Capital, a key provider of consumer and structured finance solutions in Egypt, says it plans to increase its…
Egyptian remittances expats reach $5.2 in January, February
Remittances from Egyptian expatriates jumped 33.6 percent or $1.3 billion during the first two months of 2020 to…
Egypt extends temporary billet fees until October
Egyptian iron rolling factories have received a notice saying that the decision of the ministry of industry and…
Egypt’s NUCA approves allocation of 32 lands in new cities
Egyptian New Urban Communities Authority’s (NUCA) board has approved the allocation of 32 land plots in 14 new…
Egypt’s account balance likely to fall 4.3% in 2020, 4.5% in 2021 – IMF
Egypt’s current account balance is expected to drop by 4.3 percent over 2020, and to fall by 4.5 percent in 2021,…
Egyptian banks off two days for Coptic Easter, Sham El-Nessim
The Central Bank of Egypt (CBE) has given the banking sector a holiday on Sunday and Monday to mark the Coptic…
Egypt’s parliament reviews recommendations of its committees amid coronavirus
Egyptian Parliament's secretariat-general released a statement on Wednesday reviewing the recommendations the…
BP donates medical kits to three key Egyptian major fever hospitals to fight coronavirus
BP said on Wednesday it has donated medical kits to three Egyptian hospitals to help in their work treating…
Egypt’s banks commit 700 million pounds to people affected by coronavirus
Egyptian banks have committed 700 million Egyptian pounds ($44.3 million) to support irregular workers hurt by the…