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Money
Egypt’s Paymob Raises $50m in April
Egyptian fintech firm Paymob, which enables merchants to receive digital payments online and in-store, announced on…
Apex starts production from Fajr-8 development well in Egypt’s Western Desert
Apex International Energy has commenced on Sunday production from Fajr-8 development oil well in Egypt’s Western…
Egypt’s inflation expedites rising food and energy’s prices by Ukrainian war
Egypt’s headline annual inflation rate expedited to 14.9 percent in April, up from the 12.1 percent reported in…
Egypt’s two biggest state banks collect EGP 636 billion from high-yield certificates since…
Egypt’s two biggest state banks have collected 636 billion Egyptian pounds (around $34.4 billion) from the…
Egypt’s SODIC opens civil registry office in SODIC West
Egypt’s property developer SODIC has opened on Sunday a civil registry office with premium services at The Strip in…
Egypt’s net foreign reserves increase to $37.1 billion in April
Egypt’s net foreign reserves (NIRs) increased slightly to around $37.123 billion in April from $37 billion at the…
National Bank of Egypt raises $23 billion from high-yield certificates since March 21
Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 425 billion Egyptian pounds ($23 billion)…
Egypt unveils 50 pound coin minted to mark Avenue of Sphinxes grand reopening
Egypt unveiled on Sunday a new 50 pound coin minted to mark the country’s reopening of 3,000-year-old Avenue of…
BNP Paribas: CBE to increase interest rates by 200 bps
Analysts at BNP Paribas expect the Central Bank of Egypt (CBE) would hike interest rates by 200 basis points (bps)…