Economy

SCZone has announced the launch of SCZone Istithmar Company, an investment firm that will manage the economic zone’s current and future investments strategically. The new company aims to partner with …

The Commercial International Bank (CIB) introduced a new one-year USD-denominated certificate of deposit (CD) with a monthly yield of 6 percent. The minimum investment for the new CDs is $10,000, …

Against all odds, the Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) resolved on Thursday to increase key interest rates by one percent (100 basis points) at its first …

Commercial International Bank (CIB), one of Egypt’s largest private banks, issued today a U.S. dollar-denominated certificate of deposit with the highest returns on medium-term depository products in the Egyptian banking …

CI Capital (CICH.CA), the leading diversified financial services group, announced today the successful conclusion of a c.EGP 15bn securitized bond issuance on behalf of Al Taamir Securitization, the originator of …

The Ministry of Petroleum and Mineral Resources will award seven gold exploration licenses to LSE-listed gold miner Centamin and Canadian firm Barrick Gold this week, Asharq Business reported yesterday, citing …

Yesterday, Qalaa Holdings, a leader in energy and infrastructure (CCAP.CA on the Egyptian Exchange), released its consolidated financial results for the first quarter ending 31 March 2023. The Group recorded …

The Suez Canal Economic Zone (SCZONE) has signed a series of agreements for $60 million in investment projects in the China-Egypt TEDA Cooperation Zone and New Administrative Capital.SCZONE has inked …

On Saturday, the Minister of Trade and Industry, Ahmed Samir, maintained the ban imposed on the export of oxygen for a year as of July 15, except with the approval …

GoDaddy Inc. (NYSE: GDDY), the company that helps entrepreneurs thrive, has introduced its guide on how businesses and entrepreneurs can boost their sales and expand their business, as the weather …