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Coronavirus drives IMF, World Bank to hold ‘virtual’ spring meetings
The International Monetary Fund (IMF) and the World Bank said on Tuesday they would adopt a “virtual format” for…
Egypt’s Banque Misr to open branch in Somalia in Q2
Banque Misr, Egypt’s second largest bank, plans to open a branch in Somalia within the second quarter of the year,…
100 Egyptian construction firms on track to tap African markets – AFCCA
The African Federation for Construction Contractors’ Associations (AFCCA) is coordinating with 50-100 Egyptian…
Egypt cancels plans to float additional shares in Heliopolis Housing
Egypt's Holding Company for Construction and Development (HCCD) is cancelling plans to float additional shares in…
PMI: Egypt’s non-oil business activity shrinks in February
Activity in Egypt’s non-oil private sector continued in contraction during February, a survey showed on Tuesday.
Egypt’s Suez Canal revenues surge to $458.2 million in February – statement
Egypt’s revenues from its vital waterway, Suez Canal surged to $458.2 million in February compared with $433.9…
Egypt launches awareness website about coronavirus
Egypt has on Monday launched a website designed to spread awareness among Egyptians about the coronavirus that…
Egypt reaches an agreement with Schneider Electric on power distribution
Egypt has reached an agreement with French Schneider Electric Company to establish modern control centers for…
Egypt’s net foreign reserves grow to $45.5 billion February-end: c.bank
Egypt’s net foreign reserves increased to $45.509 billion at the end of February from $45.457 billion at the end of…
Banque Misr arranging EGP2bln syndicated loan for a real estate developer
Banque Misr, Egypt's second largest bank, is arranging a syndicated loan of 2 billion Egyptian pounds ($99.996…