The Egyptian government is planning to issue licenses on the operation of the fifth generation (5G) mobile communication networks in December, sources familiar with the matter told Asharq Business.

Egypt and United Arab Emirates have signed a currency swap deal worth around $1.4 billion in a move to help the North African country ease its economic crisis.

The Egyptian Cabinet has approved several decisions, including the new issuance of five-year JPY-denominated bonds worth $500 million, a cabinet statement revealed.

Companies in Egypt can now issue multiple sukuk with single approval from the Financial Regulatory Authority (FRA), according to the recent amendments to the Capital Market Law (CML) by the Egyptian Cabinet.