Month: December 2023

Qardy teamed up with Cashcall to drive financial prosperity for micro, small, and medium enterprises (MSMEs) in Egypt. The strategic partnership aims to provide cutting-edge solutions for the financial needs of CashCall merchants and customers, giving them access to a diverse range of tailor-made financial instruments. The partnership will simplify…

Gold prices in the global stock market rose by 1.6%, or $33, during the trading week ending on Friday evening, supported by a drop in dollar value, after it reached its lowest levels in about five months, after data showed a slowdown in annual inflation in the United States last…

The Central Bank of Egypt (CBE) said that its Monetary Policy Committee (MPC) will use all available tools to keep monetary conditions tight and lower monthly inflation rates. It will also keep guiding the annual inflation rates towards the CBE’s targets, aiming for price stability in the medium term. In…

Ghandour Auto, a company that imports and trades luxury cars, has announced its partnership with WTC, a company that offers e-commerce solutions and digital marketing, to launch a service for online ordering and importing cars. Walid El Ghandour, the CEO of Ghandour Auto, said that the company is launching a…

Tanmeyah, a subsidiary of EFG Holding and Egypt’s leading financial services provider, received a prestigious award from the Egyptian Federation for Micro, Small, and Medium Enterprises (MSMEs) today, acknowledging its unwavering dedication to the sector and its impactful industry transformation. The award, presented at a ceremony in the Conrad Hotel,…

Egyptian Minister of International Cooperation & Governor of Egypt at the World Bank Group, Rania al-Mashat, met on Friday with the Vice President of the International Finance Corporation (IFC) for Africa Sergio Pimenta, who is currently visiting Egypt. The meeting followed up on the joint cooperation portfolio with the IFC,…

The Central Bank of Egypt on Thursday moved to fix the base interest rate at its eighth and final meeting during 2023, according to a statement from the Monetary Policy Committee Accordingly, the deposit rate will be maintained at 19.25 percent with lending at 20.25 percent, while deposit and discount…

In a Moscow arena where sparks fly as readily as sporting passion, sixteen teams from Russia, India, China, and Turkey battled it out in the international “Battle of the Robots” engineering championship, TV BRICS reported. The only rule? Immobilize your opponent – by any means necessary. These fierce robot wars…

Egyptian Prime Minister Mostafa Madbouly said that discussions with the International Monetary Fund (IMF) have not stopped, and emphasized that the economic reform program is purely national. He continued in a press conference, “There may be disagreement and controversy over the tactics that are being dealt with. Communication is ongoing,…

A member of the House of Representatives, Abu Abbas Farhat Turki, a submitted a briefing request to the Speaker of the House of Representatives Hanafi Jabali regarding the rise in commodity prices and the exploitation of citizens by “greedy” merchants. In a statement issued Thursday, Turki warned that merchants take…