Egypt to convert 1.5m vehicles to natural gas in 2025
The Egyptian government is set to roll out a new initiative in early 2025 to convert 1.5 million vehicles to…
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initiative
Egyptian expats’ car import initiative ends on April 29
Egypt’s Finance Minister, Mohamed Maait, confirmed on Thursday that 27,000 cars have been cleared as per the…
Bank of Russia sells currency worth RUB 7.1b
The Bank of Russia reported the sale of currency worth 7.1 billion rubles ($76.7 million) in the domestic market,…
Egypt’s c.bank issues $433.3 mln in guarantee facilities for large firms
The Central Bank of Egypt (CBE) has launched an initiative providing guarantee facilities worth 7 billion Egyptian…
Egypt to pass campaign calls on private sector to retain workforce – minister
‘Misr Hat’aady’ (Egypt will pass) initiative, launched in cooperation with Terous Misr Foundation, recorded 3…
Egypt’s NBE injects $518.6mn among CBE’s mortgage initiative
Egyptian largest state-owned lender, National Bank of Egypt (NBE) says it has pumped 8.2 billion Egyptian pounds ($…
Banque Misr pumps EGP 5bln into SMEs among CBE initiative
Egypt’s second-largest state-run bank, Banque Misr, pumped 5 billion Egyptian pounds as part of the Central Bank of…
National Bank of Egypt injects $1.9 bln for SMEs
National Bank of Egypt (NBE), the country’s largest state bank, injected funds worth 34 billion Egyptian pounds…
Egypt’s NBE eyes 10.7 bln pounds in real estate financing
The National Bank of Egypt (NBE) is planning to pump 10.7 billion pounds as part of the central bank’s initiative,…
Tatweer Misr partakes in govt.’s initiative to market Egyptian property projects
Egypt's Tatweer Misr said on Monday it will be participating alongside several real estate firms in Cityscape…
Egypt’s govt., property firms offer homes for sale abroad
Egypt's Ministry of Housing and New Urban Communities Authority (NUCA) as well as a number of real estate companies…
Otlob partakes in Egypt’s initiative to reduce unemployment
Otlob Company announced launching a new initiative to provide job opportunities for more than 1,000 delivery…
Sisi praises army, police efforts fighting terrorism during visiting North Sinai’s…
Egyptian President Abdel Fattah al-Sisi visited an air base in North Sinai on Friday, meeting members of the…
NBE pumps 1.4 billion pounds in CBE tourism initiative
The Chairman of the National Bank of Egypt (NBE) Yehia Abu Fotouh said the bank has increased the credit facilities…
Health Minister lining up to launch campaign to end Virus C in Egypt by 2020
Egypt's Minister of Health Ahmed Radi launched on Tuesday a national campaign to end Virus C by 2020 that begins…
Banque Misr says has financed Mowasalat Misr project – Phase I
Egypt’s second biggest bank, state-run Banque Misr announced Thursday that it has financed 60 percent of the first…
Israel’s Netanyahu tells Macron of doubts about US MENA peace push
Israeli Prime Minister Benjamin Netanyahu has doubts about U.S. Middle East peace efforts, according to a…
Oil prices dip on further rise in US drilling, demand slowdown
Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain…
EGB Egypt signs $20 mln loan agreement to finance SMEs
Cairo-based Egyptian Gulf Bank has signed a loan agreement with the European Investment Bank (EIB) to receive a $20…
Egypt’s central bank to launch microfinance initiative before May-end: official
Egypt’s central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector…
Egypt partakes in Nile Basin Initiative talks in Uganda’s Entebbe
The Nile Basin Initiative's council of ministers commenced on Monday a meeting in Uganda's Entebbe with the…
Egypt to turn lights off Saturday to mark global Earth Hour
Egypt is set to participate in shutting lights off Saturday to mark Earth Hour, a global initiative the country has…
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
Bank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 million)…
CBE extends tourism sector support initiative until February 2018
The Central Bank of Egypt’s (CBE) board, headed by governor Tarek Amer, decided to extend the period of the…
WTI prices fall on surprise build in US crude stocks
U.S. oil prices fell on Thursday after an industry report showed a surprise build in the country's crude…
NBE, IDA to finance projects under ‘Your factory is ready’ initiative
Hazem Hegazy, CEO of retail banking and small- to medium-sized enterprises (SMEs), at the National Bank of Egypt…
Egyptian Steel inaugurates the 11th village of its reconstruction initiative
Egyptian Steel has inaugurated Sunday the 11th village, Toshka in Aswan of its initiative that aims to reconstruct…
Venezuela delays 100-bolivar banknote withdrawal
Venezuela's President Nicolas Maduro has delayed the withdrawal of the 100-bolivar banknote until 2 January. The…
Tourism ministry re-evaluates ‘Egypt in Our Hearts’ initiative
The Ministry of Tourism is reviewing the Egypt in Our Hearts initiative alongside the tourism and aviation…
ITIDA trains 16,000 youths for $8.8m within Egypt’s Future Scientists initiative
Information Technology Industry Development Agency (ITIDA) is going to reveal the details of "Egypt’s Future…
200 engineering industries factories benefit from Egypt c.bank SME initiative
200 factories of engineering industries have benefited from the Central Bank of Egypt’s (CBE) initiative designated…
ITIDA, NTRA, EiTISAL NGO launch IoT Day in Egypt
The Egyptian Information, Telecommunications, Electronics, and Software Alliance (EiTESAL NGO) launched an…
Souq.com launches ‘I am Egypt’ initiative
Souq.com, an online retail market place in the Middle East, announced the launch of the “I am Egypt” initiative on…
Italian investor launches, finances new initiative to revive tourism in Sharm el-Sheikh
An Italian leading investor in Sharm el-Sheikh and owner of Domina Coral Bay Resort, Ernesto Preatoni launched…
CBE allocates $56mn to Mortgage Initiative
Central Bank of Egypt (CBE) allocated 500 million Egyptian pounds for mortgage firms among the first stage of…
Egypt studies new initiative to save Arab construction firms from bankruptcy
Egyptian Federation for Construction and Building Contractors (EFCBC) is mulling the possibility of launching an…
Egyptian FM’s visit to Israel could revive long-dead peace talks
After being shelved for years, the peace talks between Israel and the Palestinians are expected to start again,…
Egypt’s TIEC, Etisalat launch Start-up initiative to support Egyptian youth
The Egyptian Technology Innovation and Entrepreneurship Centre (TIEC), in cooperation with UAE's Etisalat, launched…
Netanyahu says willing to discuss Arab initiative for peace with Palestinians
Israeli Prime Minister Benjamin Netanyahu held out the prospect on Monday of reviving a 2002 Arab peace initiative…
“UAE Reads” initiative to kick off on Monday
The “UAE Reads” initiative will be launched next Monday under the directions of Sheikha Shamma bint Mohammed bin…