Egypt to launch Africa’s first strategic gold reserve bank

The Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), George Elombi,  announced a collaboration with the Central Bank of Egypt to establish a specialized gold bank headquartered in the Egyptian capital Cairo, RT reported on Thursday. Elombi said that Egypt was chosen as the headquarters for…

Egypt eyes more Indian investments and trade exchange

Minister of Foreign Affairs, International Cooperation and Egyptian Expatriates Badr Abdelatty reaffirmed Egypt’s commitment to attracting further Indian investments and boosting bilateral trade. The minister’s remarks came during talks with Indian Minister of Commerce and Industry Piyush Goyal on the sidelines of the BRICS foreign ministers’ meeting held on Friday…