Banque Misr has signed on Tuesday a loan agreement worth €425 million ($515.2 million) with the European Investment Bank (EIB).
The funding is the first tranche of a €750 million loan to be on-lent to small- and medium-sized enterprises (SMEs), the (...)
Egypt has allocated 236 million Egyptian pounds to support the National Organization for Potable Water and Sanitary Drainage's (NOPWASD) plan to provide electricity to the Bahr El-Baqar wastewater treatment plant, according to the Minister of (...)
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) financed 539 micro- and small-sized enterprises with a total value of 36.88 million Egyptian pounds in November, the Governor of Qena, Ashraf El-Dawdy said
A total of 92 (...)
As per the energy-focused COVID-19 recovery plan conducted by the International Energy Agency (IEA), actions and solutions were determined to aid our world to gravitate towards a more promising, prosperous, and sustainable future.
In order to (...)
Egypt reported 362 new coronavirus cases on Friday bringing the total infection tally to 112,318 since the outbreak began in February.
The health ministry also reported 13 new deaths, bringing the total number of deaths from the virus to 6,521.
The (...)
The Health Ministry reported 239 new covid-19 infections yesterday, the most daily cases reported since 31 July.
Egypt has now disclosed a total of 109,201 confirmed cases of covid-19. The ministry also reported 13 new deaths, bringing the country's (...)
Saudi Arabia's sovereign wealth fund is considering investing in Egyptian projects alongside the Sovereign Fund of Egypt, Saudi State Minister Issam bin Saad said.
He made these comments during talks with Prime Minister Moustafa Madbouly and SFE (...)
After Hisham Ezz Al Arab, the long-term chairman and managing director of the Commercial International Bank (CIB), announced his formal resignation in a Facebook post, who's now in charge at CIB?
CIB's Board of Directors unanimously voted to appoint (...)
90 percent of Egyptian imports and exports will be managed electronically by January 2021 in a bid to speed up customs clearance, increase trade flows, and improve Egypt's ranking in the Logistical Performance Index, Finance Minister Mohamed Maait (...)
Egypt's Senate will get down to business on Sunday by holding an opening procedural meeting after its election in August and September.
The meeting will be headed by Galal Haridi, founder of the Guardians of the Nation Party, in his capacity as the (...)
The affect of COVID-19 pandemic on the Egyptian government's finances may not be as hard as previously feared, according to the IMF's October 2020 Fiscal Monitor Report (pdf).
Though fiscal indicators have weakened slightly from the last outlook in (...)
Veteran Egyptian actor Mahmoud Yassin passes away on Wednesday at the age of 79 after long struggle with illness.
The renowned Egyptian actor was born in Port Said city in June 1941. He started his artistic career by joining the National Theatre in (...)
Paris and its surrounding suburbs have been put on "maximum alert" Monday as coronavirus cases surge in the city.
France reported almost 17,000 new cases on Saturday and a further 12,565 confirmed infections on Sunday, according to official public (...)
Egypt's non-oil private sector grew in September, its first expansion in 14 months and a sign Egypt may be over the worst of a months-long coronavirus slowdown, a survey showed on Monday.
IHS Markit's Purchasing Managers' Index (PMI) came in at (...)
Mecca slowly eases restrictions of a seven-month coronavirus lockdown on Sunday as pilgrims trickled in after Saudi Arabian authorities allow performing umrah – a pilgrimage to Islam's two holiest sites that is undertaken at any time of (...)
European stocks traded choppy and U.S. equity futures fell on the last trading day of the month and quarter, with investors rattled by U.S. politics after a messy presidential debate, and rising coronavirus cases.
Bouncing around, the Stoxx Europe (...)
Egypt is first in line among African countries to receive a Chinese vaccine against covid-19, China's ambassador in Cairo Liao Liqiang said during an online seminar according to local press.
A Chinese-developed covid-19 vaccine is currently in phase (...)
The official death toll of the coronavirus pandemic is likely lower than the true total, the World Health Organization said, as reported global deaths approach 1 million
Covid-19 has killed at least 998,867 people worldwide as of Monday, according (...)
Amwal Al Ghad on Thursday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound sterling, Kuwaiti dinar, Saudi riyal, and Japanese yen, in major Egyptian banks.
The table below shows the exchange rates of a number of key (...)
Austrian and German scientists have completed a 3D facial reconstruction of a boy mummy that bears a striking resemblance to a portrait of the mummy that was buried alongside his remains, according to LiveScience.
The results show that the portrait (...)
Bahrain-based The Arab Banking Corporation (ABC) has started due diligence on Blom Bank Egyptahead of submitting an offer to acquire the Lebanese bank's Egypt assets, according local news website Al Shorouk, citing unnamed sources familiar with the (...)
The Central Bank of Egypt (CBE) said that foreign investments in Egyptian treasury bills (T-Bills) rose by the end of July to 172.007 billion Egyptian pounds, compared to the 122.43 billion pounds a month earlier.
The investments of financial (...)
Egypt reported 112 new coronavirus cases on Friday bringing the total infection tally to 102,625 since the outbreak began in February.
The health ministry also reported 18 new deaths, bringing the total number of deaths from the virus to 5,835.
The (...)
Amwal Al Ghad on Thursday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound sterling, Kuwaiti dinar, Saudi riyal, and Japanese yen, in major Egyptian banks.
The table below shows the exchange rates of a number of key (...)
Gold prices in Egypt today declined by 3 Egyptian pound, the price of 21-carat gold, the most popular in the local market, registered 830 Egyptian pounds as global Gold prices hit a six-week low on
The price of 24-carat gold has registered 948.55 (...)
