Egypt’s gov’t should not borrow money to buy wheat, says NASA scientist Farouk El-Baz
Development corridor toIlink ten major cities of Egypt, starting from Lake Nasser, then Aswan, then Sohag, and so on, going westward into the flat desert of Western Egypt
Egyptian banking sector is resilient in face of global crises, achieves record results: Government report
High interest rates and dependence on government debt instruments provide relatively stable source of profitability for banks
Banque Misr achieves EGP 40.8bn in profit before tax in December 2022
Banque Misr reported a net profit of EGP 25bn for 2022, after paying EGP 15.9bn in taxes. The bank's profit before tax was EGP 40.8bn, up from EGP 28.6bn in…
Egypt’s business community to meet Asian Infrastructure Investment Bank representatives 7 September: Finance Minister
Promoting investment opportunities to attract foreign flows to Egypt
FRA plans to ease sukuk issuance rules for SMEs
The Financial Regulatory Authority (FRA) is considering new amendments to the Capital Market Law that would make it easier for small and medium-sized enterprises (SMEs) to issue sukuk, or Islamic…
Meet Ahmed El Sheikh, the new chairperson of EGX
Prime Minister Mostafa Madbouly has appointed Ahmed Abdel Rahman El Sheikh Ali as the new chairperson of the Board of Directors of the Egyptian Exchange (EGX) for a one-year term,…
Egypt joins BRICS in bid to boost trade, investment
Egypt has become the newest member of the BRICS, a group of emerging economies that includes Brazil, Russia, India, China, and South Africa. Egypt's business community welcomed the move, saying…
Egypt hosts Bright Star 2023 with participation of 34 countries next Thursday
Egypt's Armed Forces announced on Saturday the details of the Bright Star 2023, a joint military exercise that involves 8,000 troops from 34 countries, to be held at the Mohammed…
SIDPEC to acquire ETHYDCO by end of October: Sources
Sidi Kerir Petrochemical Company (SIDPEC) is set to complete its acquisition of the Egyptian Company for Ethylene and Derivatives Production (ETHYDCO) by the end of next October, according to informed…
Egypt’s President Al-Sisi directs continued efforts to support heavy industries
Egypt's President Abdel Fattah Al-Sisi has directed continued efforts to provide a supportive environment for the country's heavy industries, foremost among them the iron and steel industry. The president made…