Banks in Egypt increase capital to comply with new banking law
Law stipulates minimum capital of EGP 5bn for banks operating in Egyptian market, $150m for foreign bank branches
Ethiopia invites Egypt, Sudan to nominate operators in data exchange on GERD’s 2nd filling
Move comes as part of Ethiopia’s continued policy to impose fait accompli, limit negotiations to 2nd filling only, says Egyptian former minister
Egypt, South Sudan discuss agricultural cooperation in Juba
Egypt to provide scholarships to students from South Sudan in agricultural field
Egypt studies human rights recommendations from regional, international entities: Foreign Ministry
Egypt is keen to benefit from international experiences, best practices in human rights: Ambassador Alaa Rushdie
Egypt’s Paymob for digital payments closes $18.5m funding round
It is largest-ever Series A raised by fintech company in Egypt
Egypt to hold its first food exhibition in Uganda next June
Trade exchange between Egypt, Uganda amounts to about $110m in 2020
Egypt welcomes resumption of US funding to UNRWA, Israel objects
US will resume up to $235m worth economic, development, humanitarian aid to Palestinian people: US Secretary of State Anthony Blinken
Egypt’s annual urban inflation records 4.5% in March 2021: CAPMAS
Annual inflation for entire country records 4.8% for March 2021
Women account for 62% of Egypt microfinance in 2020: El-Said
Two million women benefit from mobile payment services
Egypt calls on international financing institutions to support emerging markets’ recovery efforts
Emerging countries face high risks due to economic, social impact of coronavirus pandemic