CBE increases withdrawal, transfer limits from mobile wallets
The Central Bank of Egypt (CBE) has released new regulations allowing mobile wallet users to borrow, withdraw, and…
Foreign currency inflows into Egypt state banks at $240 billion since pound float
Foreign inflows into Egypt’s two biggest state banks, National Bank of Egypt and Banque Misr have reached $240…
SODIC will soon announce an international financial advisor for Aldar acquisition bid
Sixth of October Development and Investment Company (SODIC) will soon announce its selection of the international…
Egypt’s stocks finish higher, benchmark EGX 30 increases 0.21%
Egypt’s stock exchange’s (EGX) indexes closed higher on Wednesday, with the benchmark EGX 30 index rising 0.21…
Egypt pumps EGP 83bn investments into Upper Egypt since 2014
The Egyptian Ministry of Housing, Utilities, and Urban Communities has pumped investments of 83 billion Egyptian…
BNP Paribas: Egypt’s economy to grow 3.1% this financial year
Egypt’s economy is expected to grow at a 3.1 percent clip in the current 2020-2021 financial year, BNP Paribas said…
Egypt has strong macroeconomic foundation, only in MENA to see growth during 2020, EBRD
Egypt was the only country in the MENA region to see positive growth in 2020 despite repercussions of the…
EBRD Chief Renaud-Basso to meet Egypt President Sisi today
For the first time since her election as head of the European Bank for Reconstruction and Development (EBRD),…
Egypt to receive 500K of Chinese Sinopharm vaccine this month, Zayed
Egypt is to receive 500,000 doses of the Chinese Sinopharm vaccine during May under the procured 20 million doses…
Egypt’s iron, steel exports surge 62% in two months
Egypt’s exports of pig iron and steel rose by 62 percent recording $187 million in the first two months of 2021,…