Acquisition of share in CIB will not negatively affect management of bank, harm interests of clients: Alpha Oryx
The company plans to work with the management of the bank to identify opportunities for cooperation and growth and to ensure the benefit of joint expertise and experiences
Egyptian government allocates EGP 8bn to disburse new increases in state employees’ salaries in 4Q
The Ministry of Finance allocated EGP 2.6bn to pay bonuses and increase additional incentives to salaries for April
CIB celebrates release of comprehensive principles for responsible banking report
The report enables the CIB to understand the impact of its funding on the environment and society and where its lending decisions have the greatest positive and negative impacts. This…
Government signs MoU with French-Egyptian alliance to produce green ammonia
EDF Renewables, Zero Waste, Green Fuel Alliance establish project to supply ships with green fuel with a first phase that costs $1bn
FM Shoukry calls on Spanish companies to invest more in Egypt
The meeting also focused on the importance of developing economic relations between Egypt and Spain, reflecting the potential of the two countries and calling on Spanish companies to inject more…
IMF gives upward projection for Egypt’s growth to reach 5.9% in FY2021/22
The Upgrade is due to strong performance in the first half of the FY: IMF
Egypt achieves about 9% semi-annual growth rate
This came in a meeting with President Abdel Fattah Al-Sisi and Prime Minister Mostafa Madbouly.
Egypt’s Al-Sisi issues pardon to prisoners ahead of Eid Al-Fitr and Sinai Liberation Day
The decision included forming a higher committee from the relevant security authorities headed by the Assistant Minister of Interior for the Prisons Authority Sector to decide who deserves a pardon.
Egypt’s epidemiological situation has remarkably low rates of infection
The minister also pointed out the possibility of citizens above the age of 18 obtaining a booster dose of coronavirus vaccines after six months of their last inoculation.
Egypt cooperates with CNN to highlight country’s international partnerships for sustainable development
Under Egypt's Global Partnerships Narrative - centred on people at the core and projects in action and purpose as the driver - the campaign focuses on telling the country's development…