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Central Bank of Egypt to launch soon EGP 1 bn fund for fintech
The CBE is embracing fintech: The Central Bank of Egypt is planning to set up an EGP 1 bn fund…
Egypt remains fourth most vulnerable EM to global slowdown
Egypt is the fourth most-vulnerable market to any sign of EM distress: Bloomberg’s most recent emerging markets vulnerability scorecard ranked…
Cairo ranked among the world’s least expensive cities
Cairo is one of the least expensive cities in the world, according to the Economist’s Intelligence Unit’s 2019 Worldwide Cost…
Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results
EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 / share dividend for FY2018 pending approval of the financial service…
Egypt wants to subject real estate payment plans to FRA oversight
LEGISLATION WATCH- Gov’t wants to subject real estate payment plans to FRA oversight: Installment-based payment plans for real estate could…
Egypt targets budget deficit of 7.2% in FY2019-20
Gov’t is targeting 6.1% economic growth in its next fiscal year: The government is targeting a budget deficit of 7.2%…
Careem rolls out tuk-tuk services in 10 Cairo neighborhoods
Careem is trialing its tuk-tuk service in 10 Cairo neighborhoods, sources tell Al Mal. The ride-hailing app, which launched tuk-tuk…
Nissan, El Nasr Automotive to manufacture 100k cars a year
Nissan, El Nasr Automotive to manufacture 100k cars a year: Nissan and state-owned El Nasr Automotive have signed a memorandum…
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