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 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 …
Convertedin, a marketing automation platform has announced that it raised a $3 million seed funding round from global and regional investors. CEO Mohamed Fergany confirmed the development in a media release …
Egyptian exports of food industries grew by around 2.4% year-on-year (YoY), or $51 million, during the first half of 2022, recording $2.169 billion. This was disclosed in a report by the Food …
The board of directors of Oriental Weavers Carpets (ORWE) has agreed to exit from its investments in China, according to a statement filed to the Egyptian Exchange (EGX) today. Accordingly, the company will accept the …
Egypt’s annual headline inflation recorded 14.6% in July 2022, compared to 6.1% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release …
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