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Egypt launches its first specialized industrial investment fund

Egypt launches its first specialized industrial investment fund

The Egyptian National Industry Development Initiative (EIDI) announced the launch of the “Nile Industrial Investment Fund,” the nation’s first specialized…
Egypt launches its first ever digital bank

Egypt launches its first ever digital bank

Banque Misr through its subsidiary Misr Digital Innovation has obtained a license from the Central Bank of Egypt to launch…
Egypt collects US$12 billion in revenues from Ras al-Hikma

Egypt collects US$12 billion in revenues from Ras al-Hikma

Egyptian Finance Minister Mohamed Maait announced on Tuesday that Egypt has received about US$12 billion in revenues from the Ras…
Egypt to receive US$230 million from Japan to support budget

Egypt to receive US$230 million from Japan to support budget

The Egyptian government has reached an agreement with Japan to receive funds of US$230 million to support the state’s budget,…
Dollar exchange rate stable at start of Sunday’s transactions

Dollar exchange rate stable at start of Sunday’s transactions

The dollar exchange rate was stable at the start of Sunday’s transactions at Egypt’s major banks. At the National Bank…
Egyptians brought 4.6 tons of gold from abroad in a year: Minister

Egyptians brought 4.6 tons of gold from abroad in a year: Minister

The volume of Egypt’s imports of gold exempt from customs duties amounted to about 4.6 tons during nearly a year,…
Prices of 18 car brands in Egypt drop by up to 23% since currency floatation

Prices of 18 car brands in Egypt drop by up to 23% since currency floatation

For the first time in two years, prices of 18 car brands in the Egyptian market have dropped by up…
China proposes to build a major textile manufacturing city in Egypt worth $300 mln

China proposes to build a major textile manufacturing city in Egypt worth $300 mln

A Chinese alliance has expressed interest in establishing an integrated textile city in Egypt covering all stages of the industry,…
Banking services in Egypt to be suspended for three hours due to daylight savings time

Banking services in Egypt to be suspended for three hours due to daylight savings time

Banks in Egypt began sending messages to their customers regarding online banking and money transfers starting on Thursday, which marks…
Egypt participates in launching financing platform between 10 international banks

Egypt participates in launching financing platform between 10 international banks

Minister of International Cooperation and Governor of Egypt at the World Bank Group, Rania al-Mashat, participated in the launch of…
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