Banks operating in Egypt tend to replace LIBOR with SOFR as reference rate for dollar certificates, deposits
Banks in Egypt will modify rates on dollar certificates in line with global dollar rates to attract savings in foreign currency
Tourism Minister, Red Sea Governor inaugurate largest tourist walkway in Hurghada
Several tourist resorts and hotel facilities are located along the new walkway. The first phase of the walkway was established more than 20 years ago, with a length of about…
Environment Minister announces holding Arts & Fashion Forum in Green Zone during COP27
Fouad stressed importance of arts in enlightening society about environmental issues
Egypt’s President Al-Sisi’s calls Pakistan’s Prime Minister, announces relief assistance
Pakistan's PM Shehbaz Sharif while thanking Egypt's President for his call at this difficult hour appreciated the strong expression of support and solidarity
Egypt, South Korea explore regional development cooperation opportunities
During his visit, Hong met with Osama El-Qadi, Governor of Minya; Essam Saad, Governor of Assiut; and Tarek Alfeky, Governor of Sohag, respectively, to discuss ways of cooperation in these…
10.7 million Egyptian women receive social insurance, pensions: Social Solidarity Minister
Pensions have increased 50% over past three years, says El-Kabbaj
Egypt’s engineering exports surge 24% in 8M 2022: EEC
The EEC added, in its monthly report, that exports achieved an increase of 5% to $294m in August 2022 alone, compared to $279m in August 2021.
Total value of social insurance, pensions to reach EGP 45trn until 2068: Finance Minister
Ministry transferred over EGP 558bn to pension funds since 2019: Maait
Al-Mashat praises close cooperation with WFP in food security
World Food Security Conference comes within Egypt’s preparations for hosting COP27 in November
Partment for co-owned properties raises $1.5m
The round was led by Nclude — a leading venture capital platform focused on investing in fintech and fintech-enabled start-ups in Egypt, the Middle East, and Africa — and Plus…