Month: November 2016

Private banks move to protect their deposits after governmental banks raise interest rate to 20%

Banks issue new savings certificates at high interest rates; others increased return…

Hossam Mounir

Latest death, life sentences only depended on national security investigations: EIPR

On Sunday, two defendants received a death sentence, while another two were…

Daily News Egypt

University professor exposes secret Facebook campaign supporting the state led by prominent media figure

Journalist Ibrahim El-Garhi verified the authenticity of the campaign and said it…

Taha Sakr

Pound liberalisation, high interest rate credit positive for banks: Moody’s

The increase in benchmark rates will support banks’ profitability, says the credit…

Shaimaa Al-Aees

EETC signs for $757 loan with Export-Import Bank of China

Chinese State Grid to establish 1,210 km-long lines, government guarantee to be…

Mohamed Farag

Anticipated governmental increase in metro ticket price sparks discontent

Metro monthly losses stand at EGP 25m but ticket price will not…

Daily News Egypt

Banks loosen restrictions on US dollars abroad after foreign exchange resources improve following pound flotation

Banks operating in the local market have begun to ease restrictions set…

Hossam Mounir

Industry and Trade Ministry holds meeting with concerned ministries to study new costs of transporting food products

  Industry and Trade Minister Tarek Kabil was commissioned by the prime…

Shaimaa Al-Aees

Arab Angel Fund raises $10m to achieve first close on its $25m AAFI

The AAFI will accept additional subscriptions from new limited partners until the…

Daily News Egypt

State appeal on annulled Red Sea islands deal postponed to 5 December

The state’s lawyer accidentally submitted a 1928 map proving Egypt’s ownership of…

Daily News Egypt