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Egypt Needs to Invest More in Human Capital
Egypt >> 11/11/2020 - Egypt needs to invest more in human capital rather than infrastructure to be able to achieve a successful digital transformation process, especially with the new normal the COVID-19 pandemic has creat...
Allianz Egypt's Profits Record EGP 490 Mln in FY 2019/20, Total Business EGP 5.3 Bln
Egypt >> 11/11/2020 - Allianz Egypt, a life insurance service provider, announced its business has grown by 35 percent, with life assurance at 29 percent and property and casualty (P&C) insurance in FY 2019/2020, making pr...
EBRD, EU, GCF Launch Two Programs Worth €220 Mln to Boost Egypt's Green Economy
Egypt >> 11/11/2020 - The European Bank for Reconstruction and Development (EBRD), the European Union (EU) and the Green Climate Fund (GCF) launched on Tuesday two programs totalling €220 million to offer sub-loans to busi...
Planning Min: 5,000 Youths Apply for "Be an Ambassador" Initiative
Egypt >> 11/12/2020 - Planning and Economic Development Minister Hala el Saeed said that 5,000 youths have so far applied for the "Be an Ambassador" initiative that aims at building capabilities of young people in the fiel...
Sisi Directs to Expand National Project on Overall Development of Desert Environment
Egypt >> 11/15/2020 - President Abdel Fattah El Sisi on Sunday issued directives to the bodies concerned to expand the national project on the overall development of desert environment due to its great social and developme...
Planning Min.: Kemet Boutros Ghali Focuses on Developing Cooperation With African Countries
Egypt >> 11/15/2020 - Planning Minister Hala el Saeed said Kemet Boutros Ghali Foundation focuses on developing cooperation with the African countries.

The foundation also collaborates with governmental and non-...
Endeavour to Buy Teranga as Gold Dealmaking Gathers Pace
Egypt >> 11/16/2020 - West Africa-focused Endeavour Mining EDV.TO has agreed to buy Teranga Gold TGZ.TO in an all-share deal that will create a top 10 gold producer aiming to list in London, the companies said, a week afte...
Misr Cement Co. (Qena) Consolidated Net Profits Surged to Egp 45.1 Mln in Q3 of 2020
Egypt >> 11/16/2020 - Misr Cement Co. (Qena), listed on the Egyptian Stock Exchange EGX as MCQE, witnessed an increase in its net profits in the third quarter of 2020 to reach EGP 39.20 million, up from EGP 29.70 million i...
EBRD, Partners Acquire Egypt’s Adwia Pharmaceuticals
Egypt >> 11/16/2020 - The European Bank for Reconstruction and Development (EBRD) announced the acquisition with other partners of Egypt’s Adwia Pharmaceuticals company to improve the availability and affordability of medi...
Egypt to Receive €132.8 Mln from Germany to Implement 11 Projects
Egypt >> 11/16/2020 - The Ministry of International Cooperation and the German Agency for International Cooperation (GIZ) agreed to finance 11 new projects worth €132.8 million in 2021.

This decision was announc...
Egypt's CBE Extends Maturity of US Bonds Repurchase by 1.5 Years
Egypt >> 11/17/2020 - The Central Bank of Egypt (CBE) has agreed to extend the term of the US dollar bonds repurchase by 1.5 years from the original 4.5-year-term, increasing the overall maturity of these bonds to six year...
Housing Minister, Cairo Governor Follow Up Implementation of Development Projects in Capital
Egypt >> 11/17/2020 - Housing Minister Assem el Gazzar and Cairo Governor Khaled Abdel Aal met to discuss implementation of projects meant to bring the districts of Maspero, Magra el Eyoun and Rowdat el Sayyeda up to code....
Egyptian President Urges Reducing Customs Clearance Time
Egypt >> 11/17/2020 - Egyptian President Abdel Fattah El-Sisi urged reducing customs clearance time to facilitate trade and achieve governance of the export and import process, the Presidency said in a statement.

...
Egypt's Cbe Extends Maturity of Us Bonds Repurchase by 1.5 Years
Egypt >> 11/17/2020 - E said in a statement that the approval of this extension is unanimously supported by the current consortium of banks, and that it reflects the continued strong affirmation and vote of confidence by t...
Dubai Signals Accelerating Pace of Recovery With 24.5% Rise
United Arab Emirates >> 11/22/2020 - Dubai is well on track to register a rapid recovery from the repercussions of the COVID-19 pandemic with customs transactions rising by 24.5% over the first nine months of 2020.

The sharp r...
Egypt, Germany Discuss Launch of Debt Swap Programme Third Phase
Egypt >> 11/29/2020 - Minister of International Cooperation Rania Al-Mashat held Sunday a virtual meeting with Claudia Farning, director general of the German Federal Ministry for Economic Cooperation and Development, to d...
Damietta Port Receives 8 Containers, Cargo Ships
Egypt >> 11/29/2020 - Damietta Port received over the past 24 hours two container ships and six cargo vessels, the Damietta Port Authority Media Center said in a statement .

The statement added that two containe...
Japan Offers $96 M Loan for Advanced Electric Meters' Project in North Cairo
Egypt >> 12/1/2020 - he deal was signed with Japan's Toyota Tsusho and Elsewedy Electric for Trading and Distribution, in the presence of Minister of Electricity and Renewable Energy Mahmoud Shaker and Japanese Ambassador...
Egypt's Central Bank Issues Le10b in T-Bonds Monday
Egypt >> 12/1/2020 - The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued LE 10 billion in treasury bonds.

The T-bonds were offered in three installments, with the first valued at LE 4 ...
France Stresses Commitment to Boosting Economic Cooperation With Egypt
Egypt >> 12/1/2020 - Ambassador of France to Egypt Stéphane Romatet has asserted the continued commitment of France to strengthening economic cooperation with Egypt over the coming period.

Romatet made the comm...

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