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Americana Group to invest multi-million pounds in Egypt by 2020
Kuwait-based Americana Group, one of the largest food companies and operators of restaurant chains in the Middle…
El Sewedy Electric-led consortium wins Egypt’s first dry port project bid
A consortium led by El Sewedy Electric has won a contract to build the first dry port in Egypt for $176 million,…
Egypt’s Sisi, Germany’s Merkel discuss US proposal on Palestine
Egypt's President Abdel-Fattah El-Sisi received a phone call from German Chancellor Angela Merkel to discuss the…
Remittances from Egyptian expats leap to $2.3 bln in October
Remittances from Egyptian expatriates hiked 12.7 percent during October 2019, reaching $2.3 billion, compared to…
El Shams Housing develops 8 buildings with EGP500mln investments
Egypt’s state-run El Shams for Housing and Development is seeking to launch a new flagship in Sixth of October City…
Egypt’s CBE seeks to renew SMEs initiative
Central Bank of Egypt’s (CBE) seeks to renew its initiative to support small- and medium-sized enterprises (SMEs)…
Egypt’s CI Capital assets under management reach $582.2 mln in 2019
Egypt’s investment bank CI Capital reached 9.2 billion Egyptian pounds ($582.2 million) in assets under management…
U.S.-Egyptian trade exchange reaches $8.2B:Cohen
Total U.S.-Egyptian bilateral trade increased over 44 percent to hit $8.2 billion from 2017 through this past…
Egypt’s CBE pilots eKYC solution for financial inclusion
The Central Bank of Egypt has completed the testing phase of a new electronic know-your-customer (KYC).
Vodafone sells 55% stakes in Egypt to STC For $2.39 Bln by June
Vodafone Group has signed a preliminary deal to sell its 55 percent stake in its Egyptian unit to Saudi Arabia’s…