For the first time since 2016, Egypt's stock exchange suspended trading for 30 minutes on Sunday after the EGX 100 index fell by 5 percent, according to Egypt's bourse data.
Head of the technical and financial analysis unit at Ideal Ratings Ahmed (...)
Egypt's Minister of Public Business Sector Hisham Tawfik said that the government is adopting an integrated plan to improve the cotton and textile industries by benefiting from foreign experience in this regard.
During his participation in a (...)
British Secretary of State for Middle East and North Africa Andrew Morrison said that the UK will provide Egypt with £13 million through the World Bank as part of a four-year extension of a technical support programme worth £15 million.
During a (...)
Egypt's Ministry of Investment and International Cooperation inked on Wednesday an agreement with the World Bank worth $500 million to fund the second phase of the Takafol and Karama socials safety programmes.
Prime Minister Mostafa Madbouly and (...)
Egypt's first fin-tech company, e-finance, said it would be sold in an initial public offering (IPO) by the end of the year, Ibrahim Sarhan, head of e-finance said at the Euromoney Egypt Conference, held in Cairo on Monday.
Sarhan said the company (...)
Egypt's Minister of Communications and Information Technology Amr Talaat said that he is optimistic about the future of Egypt's economy, especially in the information and communication technologies (ICT) sector, adding that the country's digital (...)
Co-founder of Fawry for Banking and Payment Technology Mohamed Okasha said the successful offering of Fawry on the EGX gives a positive massage for investors that the Egyptian stock market is a significant hub for payment technologies or any (...)
Senior economist at the World Bank Hoda Youssef said that Egypt is vulnerable to external shocks and global market forces such as the global oil price and the work force abroad.
She said during the Euromoney Conference that external changes do not (...)
Managing director and head of Emerging Markets Economics at Citi Bank David Lupin said that if Egypt continues to rely on cheaper imports, its budget deficit will go up, asserting that policy makers face a challenge in balancing the ratio of real (...)
Egypt's planning, monitoring, and administrative reform ministry has allocated EGP 48.1 billion for the education sector as part of the current fiscal year (FY) plan that targets channelling macro-investments to education services with a growth rate (...)
Moody's released its Capital Markets Research which focused on a leading credit-risk indicator that signals a rising default rate and highlighted the impact of the US-China trade war.
For investment grade Moody's see year-end 2019's average (...)
Egypt's Ministry of Finance announced on Sunday the liberalisation of the custom dollar for imported commodities, which will set according to the dollar price at the Central Bank of Egypt (CBE) as of September, according a statement released by the (...)
New World Bank research shows that governments across the world spend around $320 billion a year on water and sanitation subsidies, excluding China and India, but that funding often doesn't reach those who need it most.
According to a new report, (...)
Central banks all over the world bought 224.4 tonnes of gold in the second quarter of 2019, which brought the first half of 2019 to 374.1 tonnes, representing the largest net H1 increase in global gold reserves in three years.
According to the World (...)
Global Market, the newspaper of record at the World Bank and International Monetary Fund, has awarded Egypt's Minister of Finance Mohamed Maait the best finance minister in the Middle East and North Africa Award for 2019.
The award is granted (...)
Speaker of the Togolese National Assembly Yawa Tsegan asserted that Togo is eager to enhance venture relations with Egypt as well as increase trade between the two countries during Egypt's leadership of the African Union (AU).
During a meeting on (...)
The Monetary Policy Committee (MPC) has cut the Central Bank of Egypt's overnight interest rate, overnight lending rate, and the rate of the main operation by 150 basis points to 14.25 percent, 15.25 percent, and 14.75 percent respectively, a (...)
Egypt's Financial Regulatory Authority (FRA) has awarded Banque Misr an investment banking licence which allows it to exercise promotional activity and cover underwriting activities in the EGX.
FRA chairman Mohamed Omran declared that this licence (...)
Edge226, a data-driven ad-tech solutions company, has acquired Webpals Mobile in an attempt to boost its position in the app-install market and expand its reach into new social channels.
Based on this acquisition, Edge226 is the official Facebook (...)
The General Organization for Export & Import Control (GOEIC) received 95,575 tons of frozen and refrigerated meat imports from May to July this year, to meet market demands ahead of this week's Eid Al-Adha holiday.
According to a recent report (...)
Sarwa Capital Holding for Financial Investments SAE (SRWA.CA), Egypt's leading consumer and structured financial services provider, has announced its consolidated financial results for the period ending on 30 June 2019.
The company revealed a (...)
Telecom Holding (GTH) shareholders have completed the sale of 37 percent of the company's shares in a mandatory tender offer (MTO) launched by majority shareholder Veon to acquire 42.3 percent of the company.
Shareholders offered to sell the 753 (...)
Egypt and China signed on Monday an agreement to supply educational equipment for the Egyptian-Chinese School for Applied Technology at Suez Canal University totaling $10 million.
Egypt's Minister of Investment and International Cooperation Sahar (...)
Egypt's Investment Minister Sahar Nasr held a meeting on Monday with number of prominent Egyptian investors to review investment opportunities in the tourism sector that are included in Egypt's investment map.
The meeting, according a statement (...)
The second phase of Egypt's investment plan offers 2,000 investment opportunities on top of the 1,000 opportunities offered in the first phase, Egypt's Minister of Investment and Cooperation Sahar Nasr said at a press conference held on Monday to (...)
