The National Bank of Egypt (NBE) and Banque Misr have issued two new three-year maturity saving certificates with a 19% and 22% interest...

Egypt approved on an agreement of establishing the New Development Bank (NDB) of the BRICS bloc and as being a new...

Islamic Development Bank (IsDB) has approved US$345 million to finance the first phase of of the electric express train project in Egypt. The approval came during the IsDB’s board meeting held on April...

The Central Bank of Egypt (CBE) raised its overnight interest rates by 200 basis points (bps) amid the country’s high inflation rates....

Egypt and the European Union have signed a grant agreement of $40-million to support food security efforts in Egypt. Under...

Careem, an Uber Technolgies subsidiary, is in early talks with Emirates Telecommunications Group company, to invest in its new beyond ride-hailing services. The company...

Saudi-based media group SRMG has launched a new venture capital, SRMG Ventures, that will fund entrepeneurs and companies working in the...

Egyptian venture capital firm Acasia Ventures has joined the US$1 million seed investment round in Lagos-based last-mile delivery platform Fez Delivery. The round...

The Sovereign Fund of Egypt (TSFE) and A Developments have signed an agreement to revamp the Ministry of Interior’s Lazoghli headquarters in...

Egypt, JICA signed a US$335.5 agreement to develop the Universal Health Insurance System, according to a statement by Finance Ministry....