5 banks to finance AMOC’s refinery project with $500m
List includes IFC, EBRD, NBE
Poland to close its trade promotion office in Egypt
The Polish government decided to liquidate its trade and investment promotion section at its embassy in Cairo starting from 1 February 2018, said head of the office Tomasz Przygoda. “30…
EPROM receives two offers to operate, maintain projects in Iraq, Kuwait
Egyptian Projects Operation and Maintenance (EPROM) received two offers to operate natural gas production and processing at Ciba field in Iraq, as well as the operation and maintenance of industrial…
SMEDA financed SMEs with EGP 16.7bn during Al-Sisi’s first term
Projects funded since president assumed office account for 50% of total funding since 1992, Gamea says
Kabil participates in 10th UFM trade ministers meeting
Minister of Trade and Industry Tarek Kabil announced in a press statement on Sunday that he will participate, after an eight-year Egyptian hiatus, in the 10th meeting of trade ministers…
Moody’s ranks Egypt’s 1st movable collateral registry as credit positive for banks
Moody’s Investors Service announced on Sunday that Egypt’s first movable collateral registry, which was launched by the Financial Regulatory Authority last Sunday, is credit positive for Egyptian banks. The newly…
Prepaid electricity proceeds reached EGP 367m in February
Plan in place to replace mechanical metres to overcome accumulation of debts, sources say
Denisovan humans contributed to East Asian ancestry, interbred with modern humans
A new paper reveals that modern humans co-existed and interbred with archaic human Denisovans, not only with Neanderthals—another type of extinct human species—at least twice between 200,000 and 50,000 years…
Al-Sisi congratulates China president on re-election for new term
Ahead of Egyptian presidential polls, Al-Sisi praises Xi Jinping on re-election as president
Sudanese president visits Cairo to meet Al-Sisi
Al-Bashir to meet Sisi in wake of tensions over Nile Dam