Business
EGX expects good performance as CIB deposit certificates climb on LSE
Slight selling pressure is projected at beginning of Sunday session
Agricultural Bank of Egypt targets 30-million customer base over 5 years
Financing programme for needy families, rural women, and craftsmen to be launched soon
Banking
Ezz Al-Arab’s resignation from CIB: what goes on behind the scenes?
CBE provides full support to CIB to preserve its financial position, deposits
CIB appoints Sherif Samy as non-executive chairperson plegdes corrective actions
Financial position of banks in Egypt up EGP 96.9bn in July 2020: CBE
Bank customers granted limited period free account opening facilities to mark International Savings Day
90% of Egypt’s foreign debts are long-term: CBE
Real Estate
Upturn Developments invests EGP 300m in New Cairo residential projects
NAC is one of most promising national projects due to its clear and specific vision
Capital Link debuts three new projects in New Capital
Cornerstone Development obtains approval for ‘The Curve’ project
Better House achieves EGP 1.2bn in sales at Sky Capital project
Energy
Egypt aims to increase electricity generation based on renewables to 60% by 2035
Government negotiates with foreign investors to establish new renewable energy projects with capacity of 2,000 MW
Egypt keeps fuel prices on hold for 3 months
Energy transition poses credit risk to national oil companies: Moody’s
Wind farms revive renewable energy investors’ aspirations: Media Avenue round table
Industry
25% of Egypt’s exports from chemical industries, recording $5.6bn
During the council’s newly-formed Board of Directors’s first meeting on Monday, Abu Al-Makarem stressed the importance,...
Industry Ministry finalises Alexandria’s Mergham 2 Plastics Industries Complex
MSMEDA provides EGP 2.3bn financing for infrastructure, community development under Al-Sisi
Egyptian industry sees vast improvement under Al-Sisi presidency
Trade
Expolink, ABCC to maximise growth opportunities for Egypt-Brazil trade
The MoU’s signing took place on the final day of the virtual Economic Forum of Brazil...
Egypt’s trade deficit decreases by 51.8% in July
Egyptian government to pay exporters’ dues in cash at 15% discount
Trade Ministry announces resolution to impeded Egyptian exports in Kenya
European car sales witness 1.1% y-o-y increase during September in EU, EFTA
The increase saw 1.3 million cars sold across the European Union (EU), the UK, and European Free Trade Association (EFTA) countries.
Tourism
Tomb of ancient Royal Treasury Supervisor uncovered in Minya Governorate
The Ancient Egyptian tomb was found with stone statues inside, which are in a good state...
Egypt’s cultural tourism can’t recover before October 2021 without COVID-19 vaccine: Official
Egypt unearths huge number of sarcophagi over 2,500 years old in Saqqara
Egypt receives 300,000 tourists since July: EJB official
Technology
CIT Minister meets startup founders to define obstacles facing sector
Young founders of startups review their entrepreneurial experiences in various CIT disciplines
