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Major international bank seeks entry into Egypt
Major international bank seeks entry into Egypt: An unnamed “major” international bank has approached the Central Bank of Egypt (CBE)…
EBRD reportedly interested in Banque du Caire stake
PRIVATIZATION WATCH- EBRD still interested in Banque du Caire stake: The European Bank for Reconstruction and Development has joined the…
45 Nile cruise passengers test positive for covid-19
CORONA WATCH- 45 people linked to a Nile cruise test positive for covid-19: Thirty-three passengers and 12 crew members on…
Ashraf Noweir to head Civil Aviation Authority
MOVES- Civil Aviation Minister Mohamed Manar tapped Ashraf Noweir to lead the Civil Aviation Authority, replacing Sameh El Hefny, according…
Cabinet approves dual taxation agreement with Cyprus
CABINET WATCH- Cabinet approves dual taxation agreement with Cyprus: The Madbouly Cabinet approved yesterday a 2019 agreement to renew Egypt’s…
Egyptian Commodity Exchange set up with EGP 100 mn in capital
The company that will manage the Egyptian Commodity Exchange is now officially a thing: The company tasked with managing the…
Egypt’s passenger car sales rise in January for the first time in 10 months
Passenger car sales rose 10% y-o-y in January for the first time after 10 consecutive months of declines, according to…
Banking Act receives committee-level approval at Egypt’s parliament
Most banks are ready for the Banking Act’s new capital requirements: Around 70% of banks operating in Egypt currently meet…
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