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 …
Egypt is planning to issue Eurobonds worth around $5 billion to $6 billion during fiscal year (FY) 2022/2023, an informed government source told Asharq Business on August 14th. It is worth mentioning …
The volume of mortgage finance provided by companies in Egypt amounted to around EGP 7.27 billion in the first half (H1) of 2022, this was disclosed in the Financial Regulatory …
The Suez Canal Authority signed a cooperation agreement with the global Maersk Group, which includes investing $500 million to operate a new container berth in the canal. The authority stated …
Egyptian food ordering technology startup BONBELL has secured $350,000 in an initial funding round through a Canadian angel investor for the App services development and boosting the numbers of users …
The Sovereign Fund of Egypt (TSFE) entered into an agreement with a group of companies and an Egyptian-American consortium to transform Mogamma El Tahrir, a government building into a luxury …
The annual core inflation rate recorded 15.6 percent in July 2022, compared to 14.6 percent in June 2022, the Central Bank of Egypt (CBE) said in a statement Wednesday. The …
The Saudi Public Investment Fund (PIF) has purchased 25% of Egypy’s e-finance for Digital and Financial Investments’ (EFIH) shares, according to a press release on Wednesday. Accordingly, the PIF now is the largest single …