National Bank of Egypt, Banque Misr lead coalition to provide EGP 10bn finance to SCZone
Funding will be directed to development of infrastructure, facilities in industrial zones, ports of SCZone
Egyptian economy to rebound in FY 2021/22 supported by vaccine rollout: IMF
Rebound will also be driven by the government’s public investment: World Economic Outlook
Egypt Sovereign Fund puts Tahrir Complex development into motion
Diversifying uses of Tahrir building will ensure bringing in non-stop returns, whether from hotel or commercial units: Fund’s CEO
New SMEs law enters into effect after executive regulations issued
Trade Minister Nevine Gamea invites SME owners to obtain project classification certificate to enjoy benefits, incentives of new law
Egypt sees remittances rise by $1.7bn between July 2020 – January 2021: CBE
Increase sees remittances increase to about $18.1bn in January 2021
Cleopatra Hospitals, Nahda University sign EGP 7.4m MoU for joint scholarship programme
Programme lasts for five years from 2020/2021 academic year
Egyptian-African Relations Committee discusses strengthening Egypt’s stance in Africa
The meeting was chaired by Egypt’s Deputy Foreign Minister for African Affairs Hamdi Sanad Loza, and took place in the presence of representatives from various ministries and government bodies.
Laverie raises 6-figure USD investment round led by A15
Company plans to expand its operations to much wider range in Greater Cairo area
Real Estate Chamber, GCC company sign cooperation protocol to export Egyptian real estate
This comes particularly given the competitive global advantages of domestic real estate. As a result, the Chamber has contracted with Nova Media, a regional entity in the GCC market and…
IMF gives upward projection for MENA economy to 4% in 2021
2021 path to recovery in Middle East and Central Asia is expected to be long and divergent, international fund said