GAFI chief, Swiss State Secretary for Economic Affairs review investment opportunities in Egypt
Hossam Heiba, the CEO of the General Authority for Investment and Free Zones (GAFI), has met with Switzerland's State Secretary for Economic Affairs, Helen Baudler. The discussions, held on the…
Gold, silver traded on EGYCOMEX
Ibrahim Ashmawy, Chairman of the Trade Development Authority and Chairman of the Board of Directors of the Egyptian Commodity Exchange (EGYCOMEX), said that open bids were conducted on 66 lots…
Increase in revenues, net profit lifts EFG Holding’s 9-month performance to new heights
EFG Holding, a financial institution with a universal bank in Egypt and a leading investment bank in Frontier and Emerging Markets (FEM), announced today strong financial performance for the third…
Oriental Weavers aims to expand operations in France, Brazil, and Germany
Oriental Weavers aims to expand its export operations during the current year, with plans to increase its business base in key markets such as France, Brazil, and Germany in the…
Erdogan calls Israel ‘terrorist state’, UNICEF urges end to ‘horror’ in Gaza
Palestinian President Mahmoud Abbas accused Israel of waging a “war on the Palestinian existence” in Gaza on Wednesday. He said, “The unjust, aggressive war that we are facing is a…
Israel kills 11,500 in Gaza, storms Al-Shifa Hospital despite UN condemnation
The death toll from the Israeli aggression on Gaza has risen to 11,500, with nearly 30,000 injured after 40 days of continuous bombardment on the besieged Strip, according to a…
TE’s revenues surge 30% in 9M 2023, fueled by international calls, cables
Telecom Egypt (TE) witnessed a remarkable 30% increase in its revenues, reaching EGP 42bn in the first nine months of 2023 (9M 2023). The company's financial results released on Tuesday…
Egypt and India explore local currency settlements to strengthen economic ties
Egypt's Finance Minister, Mohamed Maait, and India's Ambassador to Cairo, Ajit Gupte, discussed ways to bolster economic cooperation between the two nations, particularly in light of global economic challenges arising…
Contact Holding’s financing portfolio jumps to EGP 20bn
Contact Financial Holding, Egypt's leading non-bank financial services provider, announced that its financing portfolio rose to EGP 19.7bn, up from EGP 13.7bn during the comparative period of last year. This…
CBE receives $1.719bn in bids for USD-denominated T-bills tender
The Central Bank of Egypt (CBE) received 28 bids totalling $1.719bn in a tender for USD-denominated treasury bills. The CBE had initially offered $1.610bn in one-year treasury bills, maturing on…
