Egypt’s balance of payments reaches $1.5bn surplus in H2 2020: CBE
Egypt’s balance of payments (BOP) recorded an overall surplus of $1.5bn in H2 of 2020, compared to a deficit of…
Egypt holds Ever Given ship until $916 million claim is paid
The giant container ship Ever Given that blocked the Suez Canal for almost a week in March is being held in the…
Egypt imposes anti-dumping duty on aluminum imports for 3 years
Egypt will be imposing anti-dumping duty on imports of aluminum products, according to Egyptian Minister of Trade…
First Abu Dhabi Bank’s market share to increase 5% after Bank Audi Egypt acquisition
First Abu Dhabi Bank’s market share in Egypt will be reaching 4-5 percent after completing its acquisition of Bank…
CIB’s stocks hit lowest level in 28 months early Tuesday
The Commercial International Bank-Egypt (CIB) saw its stock taking sharp nosedive to its lowest level in 28 months.
Egypt’s trade deficit widens by 6.6% during H1 of FY20/2021, CBE
The non-oil trade deficit widened by 6.6 percent to record $ 19.1 billion, due to higher non-oil…
Current account deficit widens 66.9 % during H1 of FY20/2021, CBE
The current account deficit rose by 66.9 percent to record $ 7.6 billion during the First Half of FY…
Ora Developers signs an agreement with Telecom Egypt for communication services at its…
Telecom Egypt signed a protocol of cooperation with Ora Developers to provide integrated communications services to…
Egypt’s foreign debt seen a rise of 15% during 2020, CBE
Egypt's foreign debt amounted rose by $ 16.525 billion, representing 15 percent in 2020, compared to 2019,…
Egypt’s stocks close higher on Monday, benchmark EGX 30 gains 0.55%
Egypt’s stock exchange’s (EGX) indexes closed higher on Monday, with the benchmark EGX 30 index adding 0.55 percent…