World Bank downgrades Egypt’s growth forecast by 0.2% in FY 2023
The World Bank has lowered its growth forecast for Egypt to 3.8% in the fiscal year (FY) 2022/2023, 0.2% less than its previous projection in June FY 2023, according to…
Egypt’s FRA streamlines fintech startup licensing with new requirements
Minimum capital requirement EGP 15m, at least 25% to be owned by tech specialist
Premium Diagnostics to establish holding company, conduct IPO by H2 of 2024
Premium Diagnostics hired an English company as a financial advisor to establish a holding company for its offices in the United States, Saudi Arabia, the United Arab Emirates, and Egypt,…
The Land Developers -TLD celebrates unprecedented achievements in 2023
The Land Developers -TLD sales exceed 2023 targets by reaching 120% across the different projects, attracting 30% of foreign customers to il Bayou
Social Solidarity Ministry holds first meeting of committee to support state-middle class relationship
The first meeting of the Committee to Support the Relationship between the State and the Middle Class was chaired by Minister of Social Solidarity Nivine El-Kabbag, with the participation of…
Beltone to launch gold investment fund after getting initial approval from FRA
Fund expected to operate this quarter: Sources
Health Ministry offers health awareness, services to 700k citizens during Christmas celebrations
The Ministry of Health and Population announced that it offered health awareness to more than 700,000 citizens in all governorates, through its outreach and community communication teams, in conjunction with…
Egypt’s plastic products export reaches $1.7bn in 2023: CEC
Egypt’s plastic products accounted for 27% of the total exports of the chemical and fertilizers sector, with a value of $1.75bn, the Chemical and Fertilizers Export Council (CEC) revealed. The…
Local liquidity in Egyptian banking sector rises to EGP 8.787trn in November 2023: CBE
The Egyptian banking sector witnessed a surge in local liquidity, reaching EGP 8.787trn in November 2023, up from EGP 7.402trn in December 2022, an increase of EGP 1.384trn. According to…
OIA negotiates with Egyptian government to acquire majority stake in EBank
The Oman Investment Authority (OIA), the sovereign wealth fund in the Sultanate of Oman, is negotiating with the government to acquire a majority stake in the Export Development Bank of…