Industry Ministry hands over contracts for 113 industrial units to 60 investors in New Fayoum
These units have been made available with complete utilities through ownership and rent systems. The most important productive activities of the units received in the two industrial complexes are chemical,…
Egyptian government intends to borrow EGP 1.062trn in 1Q 2022/2023
Finance Ministry aims to issue 52 T-bill offers worth EGP 1.0335trn, 18 bond offers worth EGP 29.25bn from April to June 2023
ADIB Egypt obtains CBE’s approval to issue prepaid ‘Takka’ cards
ADIB Egypt obtains CBE’s approval to issue prepaid ‘Takka’ cards
Banks offer EGP 4bn to 172k small, micro enterprises in Decent Life initiative: CBE
52k bank accounts, 13k mobile wallets were opened in villages
Domestic liquidity in banking sector increases to EGP 7.8trn in February 2023: CBE
Total non-governmental deposits in local currency amounted to EGP 5.549trn
Tightening monetary policy prerequisite for achieving inflation targets of 7% (±2%) in 4Q 2024, 5% (±2%) in 4Q 2026: CBE
The CBE stated that the widespread rise in inflation requires more monetary restraint to contain inflationary pressures from the demand side and avoid secondary effects that may result from supply…
Ugandan president says peacekeepers will help stabilize eastern DR Congo
Ugandan President Yoweri Museveni has said that the 1,000-strong peacekeeping force sent by Uganda will help stabilize the restive eastern Democratic Republic of the Congo (DRC). The contingent, under the…
Trump indicted in hush-money payment case
Trump, 76, is said to be the first former US president in American history to be indicted on criminal charges, which remain under seal.
Humza Yousaf becomes Scotland’s first minister: A decade of polls suggest he’ll struggle to deliver independence, just like Nicola Sturgeon
In his victory speech, Humza Yousaf said he was “determined to deliver” independence for Scotland. But Yousaf only narrowly won the contest, which is a significant hindrance to this aim.
