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Russian industrial zone in Egypt to begin production in 2022- ambassador
The Russian Industrial Zone (RIZ) is expected to be up and running in 2022, provided final talks to establish the…
Egypt to automate 90% of customs processes by January 2021 -Maait
Egypt will manage 90% of its imports and exports electronically by January 2021 in a bid to speed up customs…
How much can returning Egyptian expats affect the country’s unemployment rate?
From the Department of the Obvious: Egypt could see sharp upticks in unemployment if waves of GCC expats return to…
Consumer finance companies get six-month extension to comply with Consumer Credit Act
REGULATION WATCH- Consumer finance companies will get an additional six months to complete their licensing and bring their operations in…
Egypt’s economy to achieve pre-pandemic growth in FY2021-2022 -World Bank
Egypt’s economy will return to pre-pandemic growth rates in FY2021-2022 -World Bank: The World Bank is the latest addition to…
Ithmaar Bank ups its stake in Faisal Islamic Bank to 14%
M&A WATCH- Bahrain’s Ithmaar Bank has acquired its subsidiary Faisal Investment Bank of Bahrain’s shares in Faisal Islamic Bank of…
Egypt to invest EGP 36.7 bn into green projects in FY2020-2021
INVESTMENT WATCH- Egypt will invest EGP 36.7 bn in green projects during the current fiscal year, accounting for around 14%…
Proparco commits USD 11 mn to Lorax Capital’s Egypt-focused LCP II fund
INVESTMENT WATCH- Proparco has committed USD 11 mn to Egypt- and SME-focused private equity fund LCP II, the French Development…
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