Egypt’s purchasing manager index (PMI) has moved closer to the 50 neutral level and is above its long-run average of 48.2 since April 2011.
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Apple became the first US company to hit $3 trillion in market value, briefly reaching the landmark on Monday in the latest demonstration of the tech industry's pandemic surge.
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E-commerce in Egypt is expected to grow by 30 percent by the end of 2022, a report by BOOST for Consultations said.
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Egypt plans to list shares of the three power plants it has built in partnership with Germany's Siemens on the stock exchange as the country seeks to launch more initial public offerings (IPOs) of state-affiliated companies, a cabinet statement said on Wednesday evening.
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Trade exchange between Egypt and South Korea increased by 46.9 percent in the first ten months of 2021 to record $1.8 billion, up from $1.2 billion in the corresponding period of 2020, which mainly included oil products, cement, granite, aluminum, ready-made garments, machines and equipment, in addition to autos and medical devices, Egypt's Minister of Trade and Industry Niven Gamea stated on Sunday.
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Egypt’s Financial Regulatory Authority (FRA) is set to greenlight 11 securitised bonds, out of 26, before end of 2021 with a total value of EGP 11.5 billion, whose portfolios mainly centred on mortgage, consuming and leasing financing, Chairman of FRA Mohamed Omran stated on Sunday.
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Egyptian home services application FilKhedma was acquired for an undisclosed sum by Naspers-backed SweepSouth, a South African online home services platform, the two companies said in a joint statement.
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The Saudi United Electronics Company (EXtra) announced on Sunday that it will establish a fully owned subsidiary in Egypt with an initial direct investment of up to EGP 1 billion.
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HSBC Bank has launched a new fund called 'Forsa Fund' worth EGP 3 billion to support small and medium enterprises (SMEs) in Egypt, especially in the industrial and service sectors, the bank announced on Tuesday.
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The board of directors of Al Ezz Dekheila Steel Company, one of the Ezz Steel companies, announced on Sunday its approval to purchase Egyptian businessman Ahmed Abu Hashima’s 18 percent stake in the Egyptian Steel Company, with a total value of EGP 2.5 billion.
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As real estate firms Evergrande and Kaisa default on over a billion dollars of bond repayments after weeks of uncertainty, here is an explainer on what the debt crisis in China's real estate market could mean for the country's economy
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State-owned company Abu Qir Fertilisers (ABUK.CA) will list an additional 10 percent of its shares — specifically 126.2 million — in the Egyptian Stock Exchange (EGX) in December with a total value of EGP 2.2 billion ($143 million), according to a letter the company submitted to the EGX on Wednesday.
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The US plans to help Egypt’s small and medium-sized enterprises (SMEs) increase exports by $225 million over the next five years by supporting trade associations and streamlining customs processes, US Ambassador to Egypt Jonathan R. Cohen announced on Thursday.
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The Egyptian Chamber of Apparel and Home Textile Indutries (ECAHT) launched on Tuesday a project on upgrading technical textile’s industry supply chains that aims to attract about $800 million in investments, ECAHT announced.
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Pakistani Ambassador to Cairo Sajid Bilal has lauded the efforts made by Egyptian start-ups investing in Pakistan, voicing his country’s full support for further Egyptian investment in the Asian country.
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Tanzanian President Samia Hassan inaugurated the first phase of Egypt’s Elsewedy Industrial Complex in Tanzania, which includes investments totalling $35 million, Elsewedy Electric said in a statement on Monday.
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Careem — a ride hailing service in the Egyptian market — plans to increase its investments in the country in 2022 and beyond, Haitham Essam, the general manager of Careem Egypt, told Ahram Online.
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