Fitch downgrades 4 Egyptian banks to B, with negative outlook
The four Egyptian banks' rating downgrade follow a recent similar downgrade of Egypt's sovereign rating
Communications Minister inaugurates innovation centre of PwC with $10m investments
Minister of Communications and Information Technology Amr Talaat inaugurated the Egypt Technology and Innovation Centre (ETIC) of the British company PwC specialized in the field of professional consulting and services,…
Orascom Construction sells building chemicals subsidiary for EGP 1.8bn
Orascom Construction announced selling its entire stake in one of its subsidiaries specialized in the production of building chemicals for the benefit of Swiss Sika. This sale took place after…
Axis launches its digital payments platform for small businesses
Axis, a digital payments platform for small businesses, has launched its services, in partnership with Visa, the world leader in digital payments. Axis has obtained the licence from the Central…
Sudan’s army chief inspects soldiers in Khartoum
A video clip posted by Sudanese Armed Forces showed Al-Burhan appearing in a military uniform and surrounded by a group of soldiers who were making victory signs.
CBE’s EG-FinCIRT acquires accreditation, membership of FIRST
The Computing Incident Response Team for the Financial Sector (EG-FinCIRT) of the Central Bank of Egypt has successfully obtained the accreditation and membership of the Global Forum Incident Response and…
CIB hosts second event of “Meet the Expert” Series: Building a Path for Innovation”
Commercial International Bank (CIB), Egypt’s leading private sector bank, hosted an event titled “Building a Path for Innovation” on 11 May 2023 as part of its “Meet the Expert” series. …
Egypt’s Environment Minister, German company discuss reducing the reliance on single-use plastic bags
Egypt’s Minister of the Environment, Yasmine Fouad; held a meeting with representatives of a German company specialising in extended product liability systems to discuss ways to create a supportive climate…
Ministry of Finance resumes negotiations to link ECSD with Euroclear
ECSD will handle treasury bill issuance next August: Zaazaa
CBE to discuss fate of EGP interest rate amid strong expectations of ‘no changes’
The Monetary Policy Committee of the Central Bank of Egypt will hold its third periodic meeting this year on Thursday to discuss the fate of the basic interest rates, which…
