Contracting SMEs are biggest beneficiaries of NBE financing initiative
NBE initiative will absorb large part of Egypt’s informal employment and reduce…
City Edge, Al Oula partner to offer mortgage financing plans
Partnership offers three payment systems for City Edge clients, with maximum 80%…
EIB approves €7.5bn global financing as part of pandemic response
€3.2bn aid goes to public health, elderly care, targeted business support
Misr Cement cuts debts by 20% in Q1 of 2020
Local market suffers from annual 30 million tonne production surplus of cement
Moody’s expects prolonged depression in oil prices
Brent to average $35/bbl in 2020 and $45/bbl in 2021, Moody’s projects
Egypt’s improved governance, policy effectiveness shore up COVID-19 resilience: Moody’s
Moody’s expects general government debt/GDP ratio will temporarily rise to 85% in…
Egypt raises electricity prices, phasing out remaining subsidies over 3 years
Household electricity prices increase by an average of 19.1%
Egypt’s GDP growth forecast at 3% in FY 2019/2020: World Bank
Real economic growth would hit 5% during Q3 of FY 2019/2020, says…
TSFE to launch 4 sub-funds in health, infrastructure, fintech, and food
Fund negotiating with investors to exploit state assets for huge local economy…
New Nubaria Development’s investment plan stands at EGP 150m in FY 2020/21
Authority launches campaign to remove building violations