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Egypt purchases 175,000 tons of Russian wheat in a tender
Egypt purchased on Wednesday 175,000 tons of Russian wheat in a tender erected by the General Authority for Supply…
Orascom Development appoints Mohamed Amer as Gouna CEO
The board of directors of Orascom Development has announced on Thursday the appointment of Mohamed Amer as the new…
Islamic Development Bank opens first regional HQ in Egypt
The Islamic Development Bank Group (IsDB) has on Thursday launched its first regional headquarters in Cairo, Egypt.
Egypt to access $600 million World Bank, EU funding for wheat import, silo system
Egypt is set to receive more than $600 million in funding from the World Bank and the European Union (EU) to…
Egypt to auction $540 million T-bills on June 6 – central bank
Egypt will auction one-year treasury bills worth $540 million on June 6, the central bank said on Thursday.
UAE’s Al-Futtaim plans to inject $1bn in Egypt
UAE’s Al-Futtaim Group plans to invest over of $1 billion in Egypt by the next three years, the North African…
SWVL to layoff over 400 employees due to global economic downturn
Egyptian startup SWVL plans to terminate 32 percent of its workforce around 400 employees, due to economic downturn…
Gold prices in Egypt on June 2
Gold prices in Egypt diminished on Thursday as the global prices of the yellow metal registered $1851.41.
Egypt’s SCZONE signs MoU of $4bln waste-to-hydrogen plant
Egypt’s Suez Canal Economic Zone (SCZONE) and H2 Industries signed a memorandum of understanding (MoU) costed $4…
Gold prices in Egypt on June 1
Gold prices in Egypt declined on Wednesday as the global prices of the yellow metal registered $1836.92.