The International Monetary Fund( IMF) has called on the Central Bank of Egypt to cancel all low-interest initiatives, such as loans to small and medium enterprises, the tourism sector, and …
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 …
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 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 …
Arab Alloys has launched the largest industrial complex for ferroalloys in the Suez Canal Economic Zone (SCZone), on an area of 40,000 sqm, in southern Ain Sokhna. The company aims …
Egypt’s tourism revenues increased by $5.1 billion during the first nine months of the last fiscal year 2021/2022, on an annual basis, despite the negative effects of the absence of …
Egypt’s exports of chemical and fertilizer industries rose by 35 percent in the first half (H1) of 2022 to stand at $4.336 billion against $3.217 billion in the same period …
Kenya has listed 14 merchandise and service sectors for trade under the African Continental Free Trade (AfCFTA), as it becomes among the first six to pilot the continental pact. This …
Somalia said on Sunday it had awarded licences to two foreign banks as the troubled Horn of Africa nation opens up the industry to international lenders. State-owned Banque Misr of …