Business
Egypt launches its first specialized industrial investment fund
May 2, 2024
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
May 2, 2024
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
May 1, 2024
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
May 1, 2024
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
April 29, 2024
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
April 28, 2024
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
April 26, 2024
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
April 25, 2024
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
April 25, 2024
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
April 22, 2024
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…