MEDAF’s subsidiary obtains financial leasing licence
EGP 4bn targeted portfolio by end of 2022: Rashad
Egypt’s 2019 tourism revenues hit $13bn, highest in history
Tourism revenues recorded $7.8bn, $2.5bn, $6.1bn in 2017, 2016, and 2015 respectively.
City Edge contributes EGP 10m to Tahya Misr Fund for government coronavirus efforts
"City Edge's contribution in the Tahya Misr Fund comes within the framework of its strong belief in the necessity of solidarity with the Egyptian community, people and government, in fighting…
Attijariwafa Bank Egypt launches ’Maaki’ direct debit card for women
As for male clients, they can have cards issued for their mothers, wives, or sisters, with the ability to control the card limit and its category (Gold - Prestige -…
FRA discusses impact of postponing credit obligations on securitisation bonds
Mortgage finance, financial leasing, and factoring companies have postponed credit dues for their clients for a period of six months. Clients in these sectors have also been exempted from delaying…
Egypt reports 54 new coronavirus infections, 5 deaths
‘15 of coronavirus deaths occur before ambulance arrives,’ Health Minister
Environment, Local Development Ministries discuss waste management under COVID-19
The meeting came as part of the Ministry of Environment’s plan to play its role in reducing the potential sources of the novel coronavirus, and the state’s strategy to contain…
Pharos forecast COVID-19 to lower Egypt’s consumer spending
Similarly, local demand for textiles will be pressured by the curfew imposed on all retail outlets, while textile exports face order postponement or cancellations, due to slower global demand. Oil-based raw material imports…
Egypt’s entrepreneurial ecosystem tackles future uncertainty
More hackathons, free services and “home-centred” offers take rise
Covid-19 economic upheaval likely more severe than 2008 crisis: IMF
Pressure on worldwide banking system is growing, says Adrian
