CBE: remittances from Egyptians abroad grow 11.9% y-o-y in 11 months
Remittances from Egyptians working abroad grew 11.9 percent year-on-year from January to November 2020, the central…
Egypt aims to reduce public debt to GDP ratio to 79% in FY2023/24 – minister
Egypt aims to reduce public debt to GDP ratio to reach 87 percent in the 2020-2021 financial year, 84 percent in…
Egypt’s stocks end higher, benchmark EGX 30 adds 0.37% on Monday
Egypt’s stock exchange’s (EGX) indexes closed higher on Monday, with the benchmark EGX 30 index adding 0.37 percent…
National Bank of Egypt to sell NIB’s investment certificates among own savings vessels
The National Investment Bank (NIB)’s investment certificates managed by The National Bank of Egypt (NBE) will be…
Acdima expressed interest in buying majority stake in GlaxoSmithKline Egypt
Arab Company for Drug Industries and Medical Appliances (Acdima – Egypt) expressed an interest in acquiring…
EBRD allocates at least €1 billion for Egypt in 2021
The European Bank for Reconstruction and Development (EBRD) has earmarked a combined €1 billion ($1.2 billion) in…
Orascom Construction adds new deals worth $920m during Q4-20
Orascom Construction Plc has added new contracts worth around $920 million during the fourth quarter (Q4) of 2020.
Egypt’s current account deficit widens to $2.8 billion in July-Sept, CBE
Egypt’s current account deficit widened to $2.8 billion in the July-September quarter from $1.4 billion in the same…
Egypt confirms 533 new coronavirus cases, 53 fatalities on Sunday
Egypt reported 533 new coronavirus cases on Sunday, bringing the total infections nationwide since the outbreak of…
French finmin heading to Egypt to finalise SDGs projects plans, finance details this month
French Finance Minister Bruno Le Maire will visit Egypt this month to finalise details of the bilateral projects…