Egypt’s Orascom Financial Holding teams up with EXCEL to launch new fintech firm
Orascom Financial Holding announced on Tuesday it has teamed up with EXCEL to launch a new financial technology…
Egyptian digital bill payments firm Fawry 2020 net profit climbs 81%
Egyptian e-payment giant Fawry reported on Tuesday an 81 percent year-on-year growth in net profit in 2020.
Egypt’s stocks close higher on Tuesday, benchmark EGX 30 slightly 0.01% up
Egypt’s stock exchange’s (EGX) indexes closed higher on Tuesday, with the benchmark EGX 30 index slightly rose 0.01…
Egypt’s sovereign fund subscribes to invest EGP 250m in Egypt Education Fund
The Sovereign Fund of Egypt (TSFE) has subscribed to invest more than 250 million Egyptian pounds ($16 million) in…
Egypt is in 6th place among world’s top recipients of remittances, CAPMAS
Egypt ranked sixth in the classifications of the World Bank regarding the world’s top recipients of remittances…
Egypt to set up a new company to market, sell Spinning, Weaving products
Egypt aims at establishing a new company to market and sell the products of the Holding Company for Spinning and…
Oil prices dip as traffic in Suez Canal resumes after stranded Ever Given refloated
Oil prices edged lower on Tuesday as traders breathed a sigh of relief after the giant cargo ship that blocked the…
Egypt’s Suez Canal crucial to world trade for 160 years: al-Sisi
Egypt’s Suez Canal has played an important role in global trade for more than 160 years, President Abdel Fattah…
Egypt re-introduction to JPMorgan bond index may attract $4.8bln
Egypt is on track secure a spot on JP Morgan’s emerging-market government bonds index in 2H2021, unlocking up to $…
Suez Canal is finally unblocked after megaship Ever Given is freed
After blocking the Suez Canal for almost a week, the giant cargo ship Ever Given is now free and sailing as a…