EGP stays steady against US dollar despite church bombings
Bankers claim the attacks will not impact the exchange rate greatly
Hala Sakr appointed as member of EGX board of directors
Sakr will be serving as the representative of the Federation of Egyptian…
Banks acquired 74 of outstanding treasury bills in January 2017
Foreigners’ investments in state debt instruments increased to EGP 79bn in first…
Household sector accounts for 75% of deposits at banks in December
It is very normal that individuals' share in deposits is higher than…
United Bank aims to increase real estate finance portfolio to EGP 300m
The portfolio's volume now is EGP 110m, but contracts to fund 11…
AIB’s loan portfolio increased to EGP 9bn by end of 2016
The bank has achieved more than 100% growth in business volume, says…
Egypt to intensify cooperation with Jordan in military manufacturing
Minister of Military Production Mohamed Al-Assar met with Atef Al-Tal, chairperson of…
SCZone negotiates with pharmaceutical companies to invest in Medical City
Authority managed to attract first American pharmaceutical company to invest $624m, says…
Government has to ease reliance on banks: source
The reliance leads to a vicious cycle, “amid low state revenues,” says…
Business conditions continue to worsen: Emirates NBD Egypt PMI
Sharper contractions in output and new orders