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Egypt to float Heliopolis Housing on EGX in H1-2020
Egypt's state-run Heliopolis Company for Housing and Development plans to start offering additional shares of 15…
EBRD grants Almarai $100 mln to boost dairy production in Egypt, Jordan
The European Bank for Reconstruction and Development (EBRD) is providing loans of $100 million to the Saudi-based…
Sawiris’ La Mancha in talks to join Egypt potential gold tender
Egyptian billionaire Naguib Sawiris announced on Wednesday ongoing negotiations between the government, his gold…
Egypt’s Fawry finishes transferring 63% of shares to indirect shareholders
Egyptian e-payment company Fawry has completed the restructuring process of its shareholders without submitting a…
IFC injects $125 mln investments to improve health care in Egypt
IFC, a member of the World Bank Group will be a lead arranger that provides an Islamic financing package of $125…
Egypt’s FRA grants EGX-listed companies right to obtain not listed
The Egyptian Financial Regulatory Authority (FRA) announced that the listed companies are now allowed to capture…
CBE increases capped loans limit for mortgage finance to 10 %
The Central Bank of Egypt (CBE) has upped the capped loans limit for mortgage finance from five percent to 10…
MAK Group’s unit to invest EGP 500m in a new hotel
MAK Investments Holding, a subsidiary of Mohammed Abdulmohsin Al Kharafi and Sons Company (MAK Group), signed a…
Egypt posts trade exchange $5.3B with the world in 11 months
Egypt posts a total trade exchange with the countries of the world during the first eleven months of 2019 hit…
Egyptian expat remittances up by 12.1% in five months: CBE
Remittances from Egyptian expats went up by 12.1 percent during first five months of FY2019/2020, from July to…