The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) interest rates unchanged for the second time in a row during the first meeting led …
North Africa
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MDCsczone, DP World to build $80M logistics in Egypt
Main Development Company for Suez Canal Economic Zone (MDCsczone) has signed a contract with DP World, an Emirati multinational logistics company for the establishment of a new logistics zone with …
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Sisi appoints Hassan Abdullah as acting governor of Egypt’s central bank
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 …
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Mansourah Poultry Egypt agrees to sell entire stake in Koko
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, …
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MorroccoTransportation & Logisitics
Moroccan Federation requesting for the Rejected Visa Applications from French Embassy
Morocco’s National Federation of Consumer Rights (FMDC) addressed on Wednesday a letter to France’s embassy in Rabat, in which it called on the diplomatic office to urge French consulates to …
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Mercedes-Benz Egypt to open logistics hub at SCZONE in 2022
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 …
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CBE Governor Tarek Amer resigns, appointed consultant to President Sisi
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 …
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Central Bank of Egypt collects EGP 100B from local banks
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 …
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SCZONE, Toyota Tsusho signs MoU for renewable energy projects in Egypt
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, …
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Israeli energy companies Enlight Renewable Energy and NewMed Energy signed on Monday a cooperative agreement to jointly develop and operate energy projects in seven countries from the MENA region, including …