Egypt pays $2.5B in foreign debt payments within 2 months

Tue, 17 Jan 2023 - 12:35 GMT

The Central Bank of Egypt (CBE) elaborated in a statement, that it paid about $1.5 billion in November, and $1 billion in December 2022.

LE36M collected through Egypt's government e-payment platform since Sept.

Mon, 23 Nov 2020 - 09:21 GMT

Total of 250 technology centers will be developed to provide 120 services across Egypt, Hala El-Said says.

E-receipt system to be launched on Sunday for 1st time in Egypt

Fri, 13 Nov 2020 - 01:48 GMT

Afterwards, the remaining companies will be joining the new system successively until the end of June, 2021, Maait added.

New Urban Communities Authority issues decree on defaulters

Tue, 10 Nov 2020 - 10:50 GMT

The decree applies to those who were notified of the cancellation of the contract between them and the authority, and whose units have not been sold to others.

Dana Gas gets $44.3M payment from Egypt

Mon, 31 Dec 2018 - 09:47 GMT

This payment, done on December 29, is made up of an additional $35 million industry payment from the government and $9.3 million from the sale of 157,350 barrels of El Wastani condensate, with both payments in US dollars.

Egypt seeks to enhance cooperation with Visa: Sisi

Wed, 04 Apr 2018 - 01:31 GMT

President Abdel Fattah El Sisi on Wednesday had talks with CEO of Visa International Alfred Kelly and several senior company officials.

Dana gas receives $164M debt repayment from Egypt

Sun, 11 Feb 2018 - 11:44 GMT

The UAE-based Dana Gas announced that Egypt paid off $164 million to the company, which represents 129 percent of the total billings.

EFG Hermes launches installment sale services in Egypt

Thu, 14 Dec 2017 - 02:28 GMT

The company allocated an initial LE 250 million in investments to its new venture.

Visa quarterly profit rises 11 percent

Wed, 25 Oct 2017 - 11:43 GMT

Visa Inc, the world’s largest payments network operator, reported an 11 percent increase in fourth-quarter profit on Wednesday.