Economy

The Central Bank of Egypt (CBE) reported that the domestic liquidity in the Egyptian banking sector grew by 14.4% in the first eight months of 2023, reaching EGP 8.468trn by …

The Silicon Valley factory and Infinix brand production line opened in the Suez Canal Economic Zone (SCZONE) in Sokhna. This is the first factory in Egypt, the Middle East, and …

In a recent interview with Ashraq Business, Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), revealed that Egypt plans to introduce silver licenses for startups …

The Social Housing and Mortgage Finance Fund (MFF) has partnered with QNB Alahli to offer EGP 2bn in real estate financing to low- and middle-income citizens. The protocol was signed …

The first business incubator in Alexandria, “Startups of Alex,” will launch its activities next Thursday. The program, organized by ICE Alex, will offer guidance and consulting sessions for startup companies …

Global digital payments company Visa announced a new cooperation with Commercial International Bank (CIB) to launch the “She’s Next program” to empower women-owned businesses in Egypt. The statement added that …

The Egyptian housing minister said Egypt has spent millions of dollars on new urban communities over the past nine years. Speaking at the “Story of a Homeland” conference in the …

During the eighth annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh, Rami Aboulnaga, Deputy Governor of the Central Bank of Egypt …

During a meeting with the Egyptian Lebanese Businessmen Friendship Association members, Hossam Heiba, the CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), announced a 10% increase in …

Egypt has spent EGP 9.4 trillion (USD 300 billion) since 2014 on projects aimed at improving the quality of life for Egyptians, Prime Minister Mostafa Madbouly said during the Hekayet Watan (Story …