North Africa Economics & Government News

Sudan inflation soars, raising spectre of hyperinflation

Inflation soars to 230% in October

bonds

CBE offers new T-bills

The first offering holding a 91-day maturity until March 2nd 2021

financial services

Incolease announces payout date of dividend

The company stated the dividend will be disbursed to the shareholders recorded on December 10

agriculture

Egypt agricultural sector sees major developments

The minister noted that 13 of the developments were implemented in North and South Sinai during FY 2019/2020

energy

Elsewedy Electric reports lower profit

Elsewedy Electric reported a 36% Year on Year decline in its consolidated net profit in the first nine months

industrial

Upper Egypt Mills announces dividend payout date

UEMC stated the dividend will be disbursed to the shareholders recorded on December 13

real estate

Palm Hills closes securitisation bond backed by receivables

AAIB’s investment banking arm served as the financial advisor, manager, and promoter of the transaction

financial services

Mashreq Bank Egypt partners with EgyCash

Under this cooperation deal, the bank will be able to capitalize on international standards for money transfer

security

Ethiopia says military operation in Tigray region is over, hunt for Tigray leaders begins

Claims from all sides are difficult to verify since phone and internet links to the region have been down

healthcare

Medical, educational assistance at forefront of Egypt-South Sudan cooperation

Egypt’s Minister of Health Hala Zayed announced that a three-tonne shipment of medical aid, including drugs for treating Hepatitis B and C, was sent to South Sudan

North Africa UAE Edition

COVID-19 Impact: Retail set to witness massive windfall

Zurich, Paris and Hong Kong overtake Singapore and Osaka as most expensive cities

UAE accounts for 11% of Egypt’s total exports

Global economy facing deep recession with ongoing impact of COVID-19: IMF

Emaar Misr profit jumps

Mideast Stocks- Most major stocks rise in Mideast; Egypt falls

Dana Gas expects onshore Egyptian assets sale to complete early 2021

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Latest News

Sudan inflation soars, raising spectre of hyperinflation

CBE offers new T-bills

Incolease announces payout date of dividend

Egypt agricultural sector sees major developments

Elsewedy Electric reports lower profit

Upper Egypt Mills announces dividend payout date

Palm Hills closes securitisation bond backed by receivables

Mashreq Bank Egypt partners with EgyCash

Ethiopia says military operation in Tigray region is over, hunt for Tigray leaders begins

Medical, educational assistance at forefront of Egypt-South Sudan cooperation

Multimedia

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GalleryEditor’s Choice: July 30, 2020

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GalleryEgypt’s first Color Run in Giza

GalleryU.S. President Donald Trump meets Egypt's Sisi