The value of the Egyptian pound in comparison to the major currencies of the BRICS nations, as reported by their central banks and market transactions on December 31, 2023, is shown …
Economy
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According to Minister of Finance Mohamed Maait, Egypt will keep raising wages in 2024 to lessen the financial strain that its people have been under since the COVID-19 pandemic and …
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EconomyHighlights
Central Bank of Egypt Extends Exemption of InstaPay’s Transaction Fees Until Further Notice
On December 28, The Central Bank of Egypt (CBE) announced its new decision to continue offering free transactions through the InstaPay application and to revoke the fee imposition that was …
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EconomyHighlights
ADQ, an Emirati conglomerate, signs a multi-year sponsorship arrangement with Pyramids FC
UAE’s investment company ADQ signed a multi-year sponsorship agreement with Egyptian club Pyramids FC, according to a statement on Thursday. As part of the agreement, ADQ will support Pyramids FC’s …
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Kredit, a subsidiary of GB Capital, has been established in Egypt to provide financial support to small and medium-sized enterprises (SMEs) with an initial capital of EGP 35 million, which …
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Yesterday, Egyptian Prime Minister Moustafa Madbouli witnessed the inking of a final contract to develop the superstructure, operate and maintain a multi-purpose plant at Safaga Port. The contract calls for …
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EconomyHighlights
Challenge Fund for Youth Employment, Cash for Microfinance Launch Underprivileged Entrepreneurs Reach Project
Beltone Financial Holding (“Beltone”), one of the fastest-growing financial institutions, announces that Cash for Microfinance (“Cash” or “the Company”), a wholly owned subsidiary of Beltone has signed an agreement with …
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EconomyHighlights
El-Kabbaj, European Union, and UNDP Egypt launch Wa’ai Observatory for Community Development
The Egyptian Ministry of Social Solidarity (MOSS), in collaboration with the European Union (EU) and UNDP Egypt, under the joint project “Strengthening the Institutional Capacities and Human Resources of the …
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EconomyHighlightsWomen’s Achievements
Egypt’s New Draft Labor Law Presents Many Privileges for Women
Egyptian women obtained many gains and job guarantees from the new draft labor law submitted by the government to the House of Representatives, within the Egyptian state’s efforts to empower …
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Giift, a global leader in loyalty and rewards technology, and Geidea, a prominent international financial technology company, announced a strategic partnership to offer an integrated digital solution to merchants in …