Economy

Karim Awad, CEO of the EFG-Hermes Holding Company, announced the company's plan to invest in the renewable energy sector by…

The Ministry of Industry and Trade has decreed to allow the Industrial Development Authority to issue temporary licenses for industrial…

he legal framework for a proposed LE5 billion ($655 million) sovereign investment fund will be complete within four months, Egypt's…

Egypt's stock market extended its losses for the seventh session in a row, as the benchmark EGX30 index declined by…

The size of the portfolio of EFG-Hermes Leasing, a wholly-owned subsidiary of investment bank EFG-Hermes, is LE900 million ($118 million),…

Egypt's central bank kept the pound's exchange rate steady at 7.53 to the U.S. dollar at a foreign exchange auction…

 Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt…

Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Friday it had bought 180,000 tons of…

Oil prices slipped on Friday after the world's top crude exporter Saudi Arabia said it was ready to raise output…

The new sovereign wealth fund “Amlak” will start with a capital of LE5 billion as of the new financial year…