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CBE settles EGP 50.9bn non-performing loans
The Central Bank of Egypt (CBE) settled non-performing loans (NPLs) worth 50.9 billion Egyptian pounds with 226…
MSMEDA injects EGP 1.4 bln into industrial projects since 2014
The Micro, Small, and Medium Enterprise Development Authority (MSMEDA) has pumped 1.4 billion Egyptian pounds into…
Egypt will float stakes in Banque du Caire in April: Chairman
Egypt aims to sell a minority stake in state-owned Banque du Caire in an initial public offering (IPO) starting…
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…