IMF support for sectors most affected by COVID-19: Finance Ministry
In a statement on Thursday, Maait said the emergency support will help…
CBE expands EGP 100bn initiative to contracting companies
The initiative had initially been set up to provide finance to private…
FRA to apply precautionary measures for coexistence with COVID-19
Authority says all employees nationwide should adhere to precautionary measures
NBE achieves unprecedented EGP 300bn deposits boom
Significant increase, brings bank’s deposit portfolio to EGP 1.5trn
Demand for cement down 12.6% y-o-y in April due to COVID-19, Ramadan
Egypt’s cement industry already affected by supply glut of 40%
EIPICO reports lower production, EGP 93m losses due to COVID-19
Company’s operations suffered from traffic disruption, interruption of shipping and export operations
Housing Ministry to facilitate quicker real estate project development
El-Gazzar met with a number of investors and developers on Thursday to…
Suez Canal Bank sells stake in MIDOR for $30.6m
The Suez Canal Bank had owned a total of 560,000 shares, representing…
COVID-19 to slash global economic output by $8.5 trn next 2 years: UN
The report estimates that GDP growth in developed economies is expected to…
NBE, EG Bank, AIB arrange syndicated EGP 650m loan to Misr Italia properties
Joint loan’s arrangement reflects participating banks’ support for real estate sector
