Why Egypt’s core inflation declines in July 2023?
Egypt’s annual headline urban inflation increased to 36.5% in July 2023 up from 35.7% in June 2023. Given the relative stability in annual non-food inflation, the acceleration in annual headline…
Financing portfolio of Contact Financial Holding records EGP 18.1bn in 1H 2023
The financing portfolio of Contact Financial Holding jumped to about EGP 18.1bn during the first half (1H) of this year, compared to EGP 12.4bn in 1H 2022, a growth rate…
ABE obtains funding worth EGP 3.583bn from MSMEDA
Amount was used to finance 160,000 micro, small enterprises in various sectors
Egypt PM reviews plans to revitalize river transport
Egypt's Prime Minister Mostafa Madbouly recently convened a meeting at the government headquarters in New Alamein City to review a plan for developing river transport. Also in attendance were Kamel…
Golden Coast considers issuing green sukuk worth EGP 8bn
Proceeds of sukuk issuance to finance company’s project in Soma Bay: Sources
ACUD sets facilities to New Capital’s developers
Administrative Capital for Urban Development (ACUD) has decided to approve a package of facilities on instalment payment and deducting interest and delay fines by up to 50%. The company also…
Environment Minister receives delegation from French University of Côte d’Azur
Egypt’s Minister of Environment Yasmine Fouad and a delegation from the French University of Côte d'Azur met Wednesday with graduate students and those interested in the environmental field in Egypt,…
Egypt to offer sugar for trading on Commodities Exchange for first time on Thursday
The Egyptian Commodities Exchange has agreed with sugar production companies to register to trade sugar on the bourse, head of the platform Ibrahim Ashmawy said. Ashmawy said that the offering…
Al-Sisi visits Matrouh, addresses national issues including power cuts
Egypt’s President Abdel Fattah Al-Sisi has said that Matrouh governorate and the entire western region were largely marginalised during the past years, but the state now prioritises this region, as…
Iranian FM says agreement on prisoner swap, funds release retest for US
Iranian Foreign Minister said on Wednesday that the recent prisoner swap and assets release deal between Tehran and Washington will once again put US promises to the test. Hossein…
