Al Baraka Bank elevates interest rates, introduces triple certificate with 22% annual yield
Al Baraka Bank has announced an increase in interest rates across various account types and introduced a new triple certificate with a 22% annual yield, paid out monthly. This initiative…
CBE launches ‘Women for Women in FinTech’ initiative
Six-month initiative to empower female entrepreneurs through embedded finance programmes
Sinai Manganese resumes production with revitalised furnaces
Sinai Manganese Company (SMC), a pioneering and leading manganese ore producer in Egypt, located in Abu Zenima, South Sinai, has reignited its alloy factory furnaces. This marks a significant return…
37.2% decrease in Egypt’s trade deficit during January 2024
Egypt’s trade deficit saw a significant reduction of 37.2% in January 2024, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS). The deficit amounted to $2.08bn, a…
Mixed performance sets tone for Egyptian Exchange this week
Anticipated corrective movement hinges on selling pressure: Abu Ghaneima
Egypt continues soft financing for small projects at 5% interest rate: Finance Minister
Maait takes part in dialogue with investors, exporters
Kanawat targets EGP 800m investment in Armadillo domestic appliances
Company aims for EGP 1bn in Armadillo sales by year’s end
US Democrats advocate for suspension of arms transfers to Israel amid continuous massacres in Gaza
The Biden administration exerted pressure on Israeli Prime Minister Benjamin Netanyahu to negotiate the return of residents to their homes in the northern Gaza Strip, an area they were forced…
Egypt PM reviews criteria for establishing new free zones
Egyptian Prime Minister Mostafa Madbouly held a meeting on Saturday to discuss the proposed criteria for establishing new special free zones. The meeting was attended by a number of ministers…
Economic reforms, localising industry top new term priorities: Egypt’s President
Al-Sisi reaffirms commitment to political openness and reform