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SEII’s bid to acquire Al Babtain Egypt stake is over
Saudi Egyptian Industrial Investment won’t be acquiring a stake in Al Babtain’s Egypt unit: A bid by Saudi Egyptian Industrial…
FinMin releases Egypt’s draft FY2021-22 budget
FinMin publishes draft budget as House pushes on with its discussion: The Finance Ministry released yesterday its draft FY2021-2022 budget…
Egypt targets USD 6-7 bn in 2021 tourism revenues
Egypt expects to see tourism revenues of USD 6-7 bn in 2021, with tourist arrivals recovering to 60% of 2019…
Talk shows on 25 April 2021: Zayed updates nation on covid third wave, vaccine rollout
Covid-19 dominated proceedings on the talk shows last night: Health Minister Hala Zayed gave an extended interview to El Hekaya’s…
More AstraZeneca, Sinopharm jabs are inbound
Another batch of Chinese vaccines will arrive in Egypt on 27 April, Health Minister Hala Zayed said at a presser…
The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
Minapharm to manufacture Sputnik V in Egypt
Minapharm will manufacture in Egypt some 40 mn doses per year of Russia’s Sputnik V vaccine under an agreement with…
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