Egypt aims to raise its digital exports during the current fiscal year 2022/2023 to $5.5 billion, with an annual increase of 13 percent, according to Reuters. The Assistant Minister of …
Egypt
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Egypt’s central bank keeps interest rates unchanged for the third time in a row
Egypt’s central bank (CBE) has on Thursday kept its key interest rates unchanged for the third time in a row. The central bank’s Monetary Policy Committee (MPC) has maintained its …
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Booking.com no longer supports Egyptian Pound
Booking.com, a Dutch online travel agency for lodging reservations & other travel products, announced Wednesday the stoppage of supporting the Egyptian pound starting from Thursday, Sept. 22. This announcement means …
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As COP27 looms, Africa receives a 10th of climate financing it needs
As the international climate community prepares for COP27 in Sharm el-Sheikh, Egypt, new analysis shows just how far off their host continent is in terms of attracting the finance it …
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EBRD supports green economy in Egypt with a $100M loan for SMEs
The European Bank for Reconstruction and Development (EBRD) has supported the green economy in Egypt with a $100m loan to Banque Misr for on-lending to local small and medium-sized enterprises (SMEs). This …
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valU, PayTabs Egypt partners with notchnco to unlock WhatsApp shopping experience
valU, a subsidiary of EFG Hermes Holding (HRHO), and PayTabs Egypt has entered into a strategic partnership with notchnco to unlock an outstanding WhatsApp shopping experience for valU’s clients. Through this collaboration, …
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Egypt Prepares for Flagship United Nations (UN) Climate Conference
Regional authorities in Egypt, the host country of the 2022 UN climate conference (COP27), are ramping up initiatives designed to improve the country’s environmental credentials, and speed up its transition …
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Egypt set to resume government IPO program
The Egyptian government is preparing to relaunch the initial public offerings (IPOs) program to offer state-owned companies on the Egyptian Exchange (EGX) said Minister of Finance Mohamed Maait. This announcement …
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Saudi firm to build $3.5B green ammonia facility in Egypt
A Saudi company, Alfanar has signed an agreement with a consortium of Egyptian companies to build a $3.5 billion green ammonia plant plant in Egypt. The Egyptian side of the …
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Egypt seeks to issue $500M in Chinese bond, $1.5-$2B in sovereign sukuk
Egypt is looking forward to issuing bonds in Chinese yuan – Panda worth more than $500 million, Minister of Finance, Mohamed Maait, stated Monday. On the sidelines of a conference …