Business News Wrap-up
Wed, Apr. 4, 2018
The Saudi Food and Drug Authority (SFDA) lifted the ban on imports of Egyptian strawberries and peppers to Saudi Arabia on Wednesday, according to Ahmed el-Atar, chairman of Egypt’s Central Department of Quarantine.
Foreign currency inflows to banks operating in Egypt have risen to more than $75 billion since the flotation of the Egyptian currency in November 2016, Deputy Governor of the Central Bank of Egypt, Ramy Abul-Naga, told Egypt Today.
The Egyptian Exchange (EGX) ended Wednesday's session on a mixed note for the second consecutive session, amid Egyptian selling.
The benchmark EGX30 rose 0.10 percent, or 16.94 points, to end at 17,509.65 points.
Egypt seeks to enhance cooperation with the digital payment company Visa International and to increase its investments in Egypt, President Abdel Fatah al-Sisi said Wednesday.
The Attijariwafa Bank group signed a Memorandum of Understanding (MoU) with the Egyptian Exporters Association (Expolink) to cooperate in boosting Egypt’s exports to Africa.
Egypt's progress on macroeconomic stabilization has been very promising, yet the country needs further reforms to bolster its private sector and job creation, the International Monetary Fund's (IMF) Mission Chief for Egypt Subir Lall told Egypt Today.
Minister of Petroleum Tarek el-Molla said that Engineering for Petroleum and Process Industries’ (Enppi) initial public offering (IPO) in the Egyptian Exchange (EGX) will contribute to the expansion of the company's ownership base.
Egypt is studying the establishment of a logistics center in Ghana or Côte d'Ivoire to boost Egyptian exports to West Africa, Trade Minister Tarek Kabil said Wednesday.