Business

SCZone successfully attracts 128 projects worth US$6 billion within two years

SCZone successfully attracts 128 projects worth US$6 billion within two years

The Suez Canal Economic Zone (SCZone) in two years has successfully attracted 128 projects worth six billion dollars, of which…
National Bank of Egypt raises credit card usage limits for customers inside and outside Egypt

National Bank of Egypt raises credit card usage limits for customers inside and outside Egypt

The National Bank of Egypt (NBE) has decided to raise the credit card usage limits for existing customers inside and…
Cabinet: Positive Economic Expectations From Int’l Institutions For 2024-2025

Cabinet: Positive Economic Expectations From Int’l Institutions For 2024-2025

Economic measures recently taken by the government have contributed to meeting internal challenges and mitigate the repercussions of the surrounding…
Egypt’s annual inflation rate falls to 31.8% in April: CAPMAS

Egypt’s annual inflation rate falls to 31.8% in April: CAPMAS

Egypt’s annual urban consumer price inflation slowed further in April to 32.5 percent on a year-on-year basis, down from 33.3…
Boycott cuts Americana’s 2024 Q1 profits in Half

Boycott cuts Americana’s 2024 Q1 profits in Half

Americana Restaurants International PLC (“Americana Restaurants”) announced its financial results for the first quarter of 2024, highlighting a decline in…
National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt

National Dialogue’s rapporteur: Fitch Ratings give assurance message for investment in Egypt

Rapporteur of the Investment Committee at the National Dialogue Samir Sabri said Fitch Ratings on Egypt indicate the Egyptian economy…
Egypt launches its first specialized industrial investment fund

Egypt launches its first specialized industrial investment fund

The Egyptian National Industry Development Initiative (EIDI) announced the launch of the “Nile Industrial Investment Fund,” the nation’s first specialized…
Egypt launches its first ever digital bank

Egypt launches its first ever digital bank

Banque Misr through its subsidiary Misr Digital Innovation has obtained a license from the Central Bank of Egypt to launch…
Egypt collects US$12 billion in revenues from Ras al-Hikma

Egypt collects US$12 billion in revenues from Ras al-Hikma

Egyptian Finance Minister Mohamed Maait announced on Tuesday that Egypt has received about US$12 billion in revenues from the Ras…
Egypt to receive US$230 million from Japan to support budget

Egypt to receive US$230 million from Japan to support budget

The Egyptian government has reached an agreement with Japan to receive funds of US$230 million to support the state’s budget,…
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