President Abdel Fatah El-Sisi issued Thursday a republican decree appointing Hassan Abdullah former Vice Chairman & Managing Director of the Arab African International Bank, as acting governor of the Central …
Mansourah Poultry’s (MPCO) board of directors approved the purchase offer submitted by Ahmed Gomaa El-Desouky for the company’s whole stake in El-Safwa Poultry (Koko) in consideration of EGP 10.001 million, …
Mercedes-Benz Egypt is getting ready to begin operations at its new logistics hub at the Suez Canal Economic Zone (SCZONE) in Ain Sokhna soon this year, according to a press …
Governor of the Central Bank of Egypt (CBE) Tarek Amer resigned Wednesday and was appointed consultant to President Abdel Fatah al-Sisi. The president thanked Amer for the efforts he deployed …
The Central Bank of Egypt (CBE) collected EGP 100 billion from local banks in the weekly open market operations (OMO) auction at a fixed rate of 11.75%, according to data published on …
Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding (MoU) with Toyota Tsusho Corporation, a member of the Japanese manufacturer Toyota Group, …
Egypt’s unemployment rate stabilized at 7.2 percent of the total labor force during the second quarter of 2022, on a quarter on quarter basis, according to the state-statistic body. The …
Egypt’s total debt service surged 105.76% year-on-year during the third quarter of the fiscal year 2021/2022, recording $6.292 billion, according to data released by the Central Bank of Egypt (CBE). Quarter-on-quarter (QoQ), …
The Egyptian government is preparing a draft bill to be presented to the Cabinet soon to amend some provisions of the Universal Health Insurance (UHI) Law to deduce the mandatory …
The Financial Regulatory Authority (FRA) has approved a proposal from the Egyptian Exchange (EGX) to expand the use of the reverse execution mechanism, along with other mechanisms, to correct trading …