CIB provides EGP 1.5bn loan for YANMU East Logistics Park project
YANMU Logistics Park, a joint venture between HAU Logistics and Agility, has secured a ten-year loan of 1.5 billion…
Browsing Tag
Egyptian economy
Russian Novostal-M plans to build factory in Egypt
Russian metallurgical holding company Novostal-M plans to establish a new factory in Egypt to expand its…
Japan’s Torishima to invest $5mln pump factory in SCZone
Japanese manufacturer Torishima is set to build a pump production centre in Egypt's Suez Canal Economic Zone…
Fitch’s downgrade comes amid severe pressure on Egypt’s economy
Egypt’s Minister of Finance, Mohamed Maait has commented on Fitch’s decision to downgrade Egypt from B+ to B,…
Egypt’s economy hits 3.9% growth in Q2 of FY 22/23
Egypt’s economy grew during the second quarter of the current fiscal year by 3.9 percent, according to initial data…
Hisham Ezz Al-Arab is back to CIB bank as non-executive member
Hisham Ezz Al-Arab has returned to the Commercial International Bank (CIB-Egypt) as non-executive member of its…
Egypt’s central bank aims to double foreign reserves in 4 years – Hassan Abdalla
Egypt's central bank aims to rebuild stronger foreign reserves and to be doubled within four years, said its…
Coherence between monetary, fiscal policies to help Egypt economy amid global crisis – ex…
Egypt’s former Minister of Planning and International Cooperation Ashraf El Araby said on Sunday that the coherence…
Sisi: maritime border demarcation deals allowed Egypt to discover Zohr gas field
President Abdel Fattah al-Sisi said on Sunday that the Mediterranean and Red Seas maritime border demarcation deals…
The current global economic crisis is the hardest in 80 years – Egypt PM
The Egyptian Economic Conference 2022 (EEC 2022) is taking place amid one of the “worst global economic crises in…
