Egypt, Afreximbank launch online platform for engineering, procurement and construction contracts
Afreximbank’s support for engineering and contracting companies in Africa worth more than $12bn in the past five years
Elsewedy Electric, Arab Contractors secure $500m credit facility from Afreximbank
The African Export-Import Bank (Afreximbank) has provided a credit facility of $500m to two Egyptian contractors, Elsewedy Electric Group and Arab Contractors, as part of the 3rd edition of the…
Azimut Gold Fund registered by Central Bank of Bahrain
The Central Bank of Bahrain has given its approval for the registration of Azimut Gold Fund, an investment fund that allows Mubasher Capital Bahrain clients to invest in Egyptian pounds.…
Egypt denounces Israel’s attack on Qatari committee’s office in Gaza
Egypt stated on Monday through its Ministry of Foreign Affairs, denouncing the Israeli occupation forces’ attack on the office of the Qatari committee for the reconstruction of Gaza. The statement…
Al-Sisi calls for boosting intra-African trade
President Abdel Fattah Al-Sisi stressed the importance of boosting intra-African trade and exploiting the continent’s vast economic potential and natural resources in various sectors, such as agriculture, mining, and others.…
Egypt says it keeps Rafah crossing open, blames Israel for blocking aid to Gaza
The Egyptian Ministry of Foreign Affairs said that the Rafah border crossing, which connects Egypt and the Gaza Strip, has been open continuously since the start of the crisis in…
Israel’s genocide claims 11,240 lives while Hamas destroys 20 “Zionist” military vehicles
The Israeli aggression on the Gaza Strip has claimed the lives of 11,240 people, including 4,630 children and 3,130 women since it began. The government media office in the besieged…
How CIB outperforms its peers on EGX in 3Q 2023
CIB’s stock surges above fair value: What’s behind its growth?
Al Marasem Development unveils Mar Ville project in New Zayed with EGP 24bn investments
Al Marasem Development has announced its latest masterpiece, Mar Ville, a truly integrated project nestled in the pristine new Sheikh Zayed City. The project spans 111 feddan and boasts investments…
Philip Morris Misr adjusts its prices in response to latest tax changes on tobacco products
The Egyptian government has recently announced tax amendments on tobacco products, which affect the prices of Philip Morris Misr’s products. The company has updated its price list for all its…