A new report, titled “Navigating Uncertainty with Confidence – Investment Priorities for 2025,” from the Capgemini Research Institute suggests that business leaders are feeling more confident about the future, even as economic uncertainty continues.

Minister of Investment and Foreign Trade Hassan El-Khatib has officially opened the Egyptian-French Business Forum in Marseille as part of his current visit to France.

Fawry for Banking Technology and Electronic Payment’s buy now, pay later (BNPL) business has exceeded EGP 1 billion in total disbursement as of September 2024.

Mountain View for Real Estate Development and Investment is planning to begin its operations in Saudi Arabia before the end of this year.

Egypt’s non-oil private sector businesses signaled a modest downturn in business conditions in July, with marginal decline in new business and output, according to the S&P Global Egypt Purchasing Managers’ Index™ (PMI) survey.

Egypt’s purchasing managers’ index (PMI) surged to its highest level in nearly three years and was on the verge of entering growth territory.

Egypt has taken a significant step towards boosting its business environment with the launch of a new e-platform for establishing companies. This digital initiative, spearheaded by the General Authority for Investment and Free Zones (GAFI), aims to simplify procedures and attract both local and foreign investors. This innovative initiative ushers in a new era of efficiency, transparency, and accessibility for entrepreneurs and investors. Despite cybersecurity concerns, the platform is poised to catalyze economic growth by enticing foreign investment, boosting entrepreneurship, and simplifying the process of doing business in Egypt.

Faisal Islamic Bank of Egypt (FAIT) reported a 51.4% year-on-year (YoY) surge in net profit for the first nine months of 2023.

The Financial Regulatory Authority (FRA) has granted Commercial International Finance, a subsidiary of Commercial International Bank – Egypt (CIB), a license to operate within the mortgage finance and factoring business.

Egypt’s non-oil private sector businesses signaled a decline in operating conditions in April at the weakest pace for six months, as inflationary pressures and high demand levels were slightly eased.