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Egypt’s FRA makes insurance mandatory for microfinance provider
REGULATION WATCH- FRA makes insurance mandatory in micro- and SME finance: The Financial Regulatory Authority (FRA) is forcing microfinance and…
Tourism revenue could rise by 2% of GDP in the coming years
Tourism revenues could wipe out current account deficit- Capital Economics: Revenue generated in Egypt’s tourism sector could rise by as…
Expat remittances rise to USD 25.5 bn in 2018, says Central Bank of Egypt
Expat remittances up 3% to USD 25.5 bn in 2018: Remittances from Egyptians living abroad in 2018 rose 3.1% y-o-y…
Moody’s cites Egypt’s growth, reforms as credit-positive factors
Moody’s cites Egypt’s growth, reforms as credit-positive factors: Moody’s said yesterday that “positive sovereign credit dynamics in Egypt defy global…
Egypt has the makings of a booming fintech industry, says IMF
Egypt has the makings of a booming fintech industry, says IMF: Egypt has tremendous potential to expand in fintech due…
Egypt reveals winners of oil and gas bid round
The deluge of oil and gas news continues thanks to the second day of the Egypt Petroleum Show. Key takeaways…
Pioneers Holding submits MTO for 41.46% of Electro Cable Egypt
M&A WATCH- Pioneers Holding subsidiaries submit MTO for 41.46% of Electro Cable Egypt: Three of Pioneers Holding’s subsidiaries have submitted…
Egypt imports EGP 227.7 bn-worth of food staples in 2018
Egypt imported EGP 227.7 bn-worth of food products in 2018, according to a Customs Authority report cited by Youm7. Spending…
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