Egypt's central bank has left its key interest rates unchanged during its monetary policy committee (MPC) meeting on Thursday, the bank said in a statement.
The committee kept the overnight lending rate at 9.25 percent and the overnight deposit rate (...)
Egypt's stock exchange (EGX) has ended trading higher on Thursday as the benchmark EGX 30 index added 0.04 percent to 10,723 points.
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) surged 2.43 to 2,824 points, while the (...)
Egypt will likely extend this year's pause in monetary easing on Thursday and hold interest rates as the hike in global prices will trickle through to inflation, a Bloomberg survey predicted.
Authorities in Egypt are seeking to maintain foreign (...)
Mercedes-Benz Egypt announced on Wednesday that it had appointed Gerd Bitterlich as its new president and CEO, succeeding Thomas Zorn.
Zorn will assume a new role with Daimler at global head office
Bitterlich, a German citizen, has more than 30 (...)
Egypt is not on the list of 60 countries to which the United States has donated and shipped more than 110 million doses of COVID-19 vaccines, the White House said in a statement on Tuesday.
In June, U.S. President Joe Biden promised that his country (...)
National Automotive Company (NATCO), partner of Daimler for Mercedes-Benz passenger cars in Egypt, has picked an affiliate of Beltone Financial as financial adviser for the debt sale, a portion of which will be green bonds.
NATCO is planning a bond (...)
Global credit rating agency Fitch Ratings affirmed the National Bank of Egypt's (NBE) long-term (LT) issuer default rating (IDR) at B+ with a stable outlook.
Fitch has also affirmed National Bank of Egypt (UK) Ltd's (NBEUK) long-term IDR at 'B+' (...)
Fitch Ratings said on Tuesday that pressures on Egyptian banks' credit profiles and viability ratings have eased on improvements in the country's operating environment since end of the third quarter of 2020.
The rating agency has revised its outlook (...)
Egypt's stock exchange (EGX) has closed in mixed notes on Wednesday as the benchmark EGX 30 index dipped 0.07 percent to 10,719 points.
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) rose 0.98 to 2,757 points, while the (...)
The International Finance Corporation (IFC), a World Bank member, announced on Tuesday it is investing $100 million in Egypt's first private sector green bond, issued by the Commercial International Bank (CIB) in June.
The bond will help CIB (...)
Adhesive maker H.B. Fuller Co announced on Wednesday a strategic investment to build a new facility in Cairo to support customers' increased demand in the fast-growing markets of Egypt, Turkey, Middle East, and Africa.
The new factory will become a (...)
Chinese smartphone maker Realme announced on Monday the launch of Realme 8 5G, its first 5G device in the Egyptian market.
With this announcement, Realme expands its existing global range of 5G devices that include the Realme 7 5G and the (...)
Egypt's stock exchange (EGX) has end lower on Tuesday as the benchmark EGX 30 index tumbled 0.88 percent to 10,726 points.
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) dived 2.97 to 2,730 points, while the fixed-weighted (...)
DP World Sokhna, part of Dubai's ports operator DP World, signed on Monday a multi-year agreement with Egypt's International Meat Capital to restart the livestock facility in the canal city of Ain al -Sokhna.
Under the agreement, DP World Sokhna (...)
Egypt's state-run construction firm Arab Contractors has won a bid to develop Lebanon's Port of Tripoli and its facilities, Egyptian Ambassador to Lebanon Yasser Elwi announced on Thursday.
Ambassador Elwi made the announcement during his visit to (...)
Egypt is expecting a range of $4 billion to $5 billion of inflows into the bond market in the second half of the year, chief economist at Beltone Financial told Bloomberg on Monday.
Speaking with Yousef Gamal El-Din and Manus Cranny on "Bloomberg (...)
Egypt's stock exchange (EGX) will launch on Tuesday a new index to track the listed and traded government treasury bonds, the bourse said in a statement on Monday.
The new index will comprise the most liquid bonds on the stock market. The market (...)
Egypt's stock exchange (EGX) has finished trading higher on Monday as the benchmark EGX 30 index rising 0.11 percent to 10,822 points.
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) went up 0.15 to 2,814 points, while the (...)
Egypt is targeting economic growth of 5.4-5.6 percent in the financial year that ends in June next year, its finance minister told local press on Sunday.
Minister Mohamed Maait further said that he expected the economy grew 2.8 percent in the (...)
Egypt has proposed to host the United Nations Climate Change Conference, also known as COP 27, in 2022, Environment Minister Yasmine Fouad said on Friday.
The final decision on Egypt's hosting of COP 27 will be announced at the COP, the minister (...)
Egypt's stock Exchange (EGX) announced in a statement on Sunday that it would lift the limit on intraday share price moves to 20 percent starting from September,
The Egyptian bourse currently limits moves in share prices to 10 percent either up or (...)
Indexes of Egypt's stock exchange (EGX) ended trading higher on Sunday as the benchmark EGX 30 index adding 0.63 percent to 10,810 points.
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) advanced 1.66 to 2,809 points, while the (...)
Hatif Libya, part of state-run Libyan Telecommunication Holding Company LPTIC, has signed this week an agreement with California-based Infinera to expand and develop Libya's optical transport network.
The multi-million USD project is set to provide (...)
Qatar's Emir Sheikh Tamim bin Hamad al-Thani has on Thursday named ambassadors to Egypt and Libya, his office announced in a statement, as the Gulf Arab state moves to improve ties with some regional states.
Salem bin Mubarak Al-Shafi was named the (...)
Russia is expected to complete its long-awaited industrial zone in Egypt's canal city of Ain al -Sokhna within the next five months, Yehia Zaki – Suez Canal Economic Zone's (SCZone) chairman told Sputnik on Wednesday.
In May 2018, Egypt and Russia (...)
