Year: 2020

Suez Canal Bank reports 31% net profit growth in June

Bank sells its entire stake in MIDOR to EGPC for $30.6m

Daily News Egypt

Additional EGP 80bn appropriation in 2019/20 budget does not affect deficit: Maait

Additional appropriation has contributed to significantly reduce debt service for current, coming…

Daily News Egypt

18th Summer Festival begins at Bibliotheca Alexandrina’s Arts Center

This year's edition is dedicated to late Egyptian dancer and choreographer Mahmoud…

Daily News Egypt

EU demands immediate end to Turkey’s East Mediterranean gas exploration

Turkish actions in Eastern Mediterranean region violate international laws and UN Law…

Bassant Mohammed

CBE receives 35 offers to invest €705.3m in local T-bill auction

Thirty offers have been accepted at value of €605.3m

Hossam Mounir

Builderia Development invests EGP 500m in New Capital’s PARAGON

PARAGON, located in the financial district of the New Administrative Capital (NAC),…

Shaimaa Al-Aees

COVID-19 nudges Egypt unemployment up to 9.6% in Q2 2020: CAPMAS

It’s not large hike in comparison to global unemployment rates due to…

Nehal Samir

Rameda posts neutral results with revenues of EGP 205m

Revenues reflect downturn of 11.8% q-o-q, but rise of 5.6% y-o-y

Alyaa Stohy

Misr Beni Suef Cement records EGP 29.5m profit in Q2 despite weak sales

Company’s Q2 2020 profits grow 84% on Q2 of 2019, which stand…

Alyaa Stohy

JICA supports four COVID-19 response projects at E-JUST

Initiative anticipates these projects will help Egypt’s scientific community in fighting pandemic

Nehal Samir