Economy

Banque Misr, NBE raise return on US dollar certificates

Banque Misr, NBE raise return on US dollar certificates

Banque Misr decided to raise the return on the new US dollar stability certificates for a period of three years,…
CIB official explains decision to increase fees on abroad ATM withdrawals

CIB official explains decision to increase fees on abroad ATM withdrawals

Several Egyptian banks on Wednesday increased fees for using payment and credit cards abroad from three percent to six percent,…
Egypt concludes 1st commercial deal within AFCFTA

Egypt concludes 1st commercial deal within AFCFTA

The Egyptian Minister of Trade and Industry Ahmed Samir announced that Egypt has concluded its first trade deal within the…
Sawiris plans to establish four new hotels in Egypt

Sawiris plans to establish four new hotels in Egypt

Egyptian billionaire Naguib Sawiris plans to establish four hotels in Egypt, with investments ranging between US$200 and $300 million through…
Finance min. says Sisi reshaping Egypt’s economy

Finance min. says Sisi reshaping Egypt’s economy

Finance Minister Mohamed Maait said Wednesday that President Abdel Fattah al-Sisi is reshaping Egypt’s economy by empowering the private sector,…
US$16 billion worth of Kuwaiti investments in Egypt, official

US$16 billion worth of Kuwaiti investments in Egypt, official

  Member of the Egyptian-Kuwaiti Cooperation Council, Ahmed Kilany, said that the volume of Kuwaiti investments in Egypt exceeds US$…
Saudi Egyptian Investment Company acquires 34% of B.TECH

Saudi Egyptian Investment Company acquires 34% of B.TECH

The Saudi Egyptian Investment Company (SEIC), which is affiliated with the Saudi Public Investment Fund (the sovereign fund), acquired a…
Egypt announces an increase in foreign assets deficit

Egypt announces an increase in foreign assets deficit

The Central Bank of Egypt announced that the net foreign assets deficit in the banking sector increased by about fiv…
Ten startups at NilePreneurs Compete participate in the 14th Creative Industry Summit

Ten startups at NilePreneurs Compete participate in the 14th Creative Industry Summit

The NilePreneurs Compete Initiative – one of the initiatives of the Central Bank of Egypt and implemented by Nile University…
Indian investments of US$110 million to be injected into Sokhna industrial zone

Indian investments of US$110 million to be injected into Sokhna industrial zone

The Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) Walid Gamal Eddin, held a meeting with…
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