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Expat remittances rise 17% in October to USD 2.1 bn
Remittances from Egyptians living abroad rose 17% in October to USD 2.1 bn from USD 1.8 bn in September 2018,…
Central Bank of Egypt does not intend to extend its EGP 16.8 bn debt relief program
The CBE does not intend to extend its EGP 16.8 bn debt relief program, which is scheduled to expire at…
EFG Hermes’ Vortex divests its 49% stake in 998 MW European wind power portfolio
EFG Hermes’ Vortex Energy divests its 49% stake in 998 MW European wind power portfolio: EFG Hermes’ Vortex Energy has…
West Cairo is getting an Ikea as Marakez, Al Futtaim ink agreement
EXCLUSIVE- West Cairo is getting an Ikea. Fawaz AlHokair Group’s Marakez has inked a long-term lease agreement with Al Futtaim…
Is Egypt trying to push the IMF’s timeline for the next round of reforms?
Is the Madbouly government trying to push the IMF’s timeline for the next round of reforms? The government is reportedly…
Egypt’s FRA to start Insurance Act draft discussion next week
LEGISLATION WATCH- FRA to put draft Insurance Act up for discussion next week: The Financial Regulatory Authority (FRA) has a…
EBRD lauds regulations that will make it easier for Egyptian companies to finance their working capital needs
EBRD lauds regulations that will make it easier for Egyptian companies to finance their working capital needs: The EBRD played…
Eastern Co. back at full capacity after accepting pay raise demand
Eastern Company operations back at full capacity after partially bowing to labor demands: Eastern Company’s facilities have resumed full-capacity operations,…
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