CIB launches Sustaining Sectors programme to help businesses grow
CIB’s “Sustaining Sectors” programme was created as part of Bank’s ongoing mission to promote Sustainable Finance in corporate sector
EGP 786bn increase in total financial position of banks in 1Q 2022
Non-performing loans decreased to 3.3% of total portfolio by end of March 2022, compared to 3.5% in December 2021
Egypt studies establishment of small nuclear reactors to produce energy
The NPPA conducts other studies, including the establishment of other nuclear power plants in the Nujaila area, other than the Dabaa plant, which is currently under development, a senior official…
Egypt, EAEU discuss launching new free trade agreement
The minister added that the last period witnessed the holding of four rounds of negotiations between Egypt and the EAEU.
$291.8m injected to develop, digitize Afreximbank: Finance Minister
Public capital in 2021 increased to $2.6bn to deal with global shocks
Egypt, Belgium discuss strengthening cooperation on climate change, green transformation
This comes in the framework of substantive and logistical preparation for the 27th session of the Conference of the Parties to the UN Framework Convention on climate change (UNFCCC -COP27) next…
World has not seen such halt in economic activity since 2008 financial crisis: Deputy CBE Governor
Decision-makers are often faced with the duty of prompt and effective policy response. Such response becomes especially difficult when the effects of economic shocks cannot be measured in a timely…
Government considers flexible mechanism to determine electricity prices
New proposal to review electricity prices every six months due to changes in production cost
Health Ministry announces plan to ensure safety of Egyptian pilgrims during Hajj
Allocating 12 clinics in Mecca and Madinah to provide medical services to pilgrims
Egypt hosts meeting of Joint Military Committee in Libya
5+5 Committee agrees on mechanism of disbanding militias, calls for reopening oil fields