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Egypt’s Talaat Moustafa to issue its first sukuk in April
Egyptian property developer Talaat Moustafa Group, plans to issue sukuk, or Islamic bonds, worth 2 billion Egyptian…
Egypt H1 of FY20 budget deficit 3.8% of GDP – minister
Egypt’s budget deficit in the first half of the financial year was 3.8 percent of gross domestic product (GDP), up…
Egypt’s Industrial Development bank achieves profits of EGP 512m in 2019
Egypt's state-run Industrial Development bank (IDB) achieved profits of 512 million Egyptian pounds, before taxes,…
Egypt’s external debt increases 17.3% YoY to $108.7bn in FY19
Egypt’s external debt increased by $16bn to $108.7bn in fiscal year (FY) 2018/19, from $92.6bn in FY 2017/18, up…
Egy Lease to provide finances of EGP1bln during 2020
Egy Lease, the leasing arm of Industrial Development & Workers Bank of Egypt, seeks signing leasing contracts…
HCCD’s contracting to implement EGP1bln infrastructure projects
Cairo Contracting and Real Estate Investment was mandated to implement infrastructure works in number of…
4 branches will be added to Jaz Hotel in Q1 2020 with EGP2.5bn investments
Travco subsidiary Jaz Hotel Group will add four hotels to its management portfolio in the first quarter (Q1) of…
Honeywell, Etisalat Misr join forces to support Egypt’s Smart City vision
Honeywell, a global technology leader, and Etisalat Misr (Etisalat Egypt) are cooperating to support Egypt’s smart…
Sisi, World Bank seek further cooperation
President Abdel-Fattah El-Sisi said he looks forward to further cooperation with the World Bank (WB) after it…
Engineering Export Council to organise two trade missions to enhance exports
Egypt’s Engineering Export Council (EEC) is organising two trade missions to Africa and Gulf countries during the…