CIB net income rises 20% to record EGP 2.87bn in Q1 2021
Bank started 2021 on positive year following year marked by exceptional challenges and uncertainties, management said
Egypt, AfDB sign €145m agreement to improve railway system
The agreement will see the Egyptian National Railway Authority's (ENRA) main Alexandria, Cairo, Assiut, Naga Hammadi lines and Benha-Port Said line extended.
253 Zionist settlers storm Al-Aqsa despite Gaza’s ceasefire agreement
Israeli occupation forces have arrested 23 Palestinians in West Bank since Saturday night
Egypt, China hold expanded meeting to discuss increasing bus production
The meeting reviewed the plans to expand bus production in Egypt, and reviewed Yutong’s local project for the production of buses and minibuses, which was established in cooperation with Geyushi…
Flat6labs increases FAC fund to EGP 207m, to support Egyptian early-stage startups
The fund also announced that it is raising its cash seed offering for its Cairo Seed Program to as much as EGP 1.5m, and up to EGP 3m in post-programme…
Egypt, South Korea discuss investment opportunities for Korean companies
The companies eyeing potential investments include: Hyundai Rotem; Doosan Heavy Industries; and Samsung C&T.
ALEXBANK hosts webinar on Suez Canal’s Pivotal Role in Mediterranean, Global Maritime Economy
Bank cooperated with Italian company SRM since 2015 to analyse actual performance of Suez Canal
Senior UK Defence Advisor concludes visit to Egypt
The UK Chief of Defence Staff’s Senior Advisor to the Middle East and North Africa (DSAME), Air Marshal Martin (Sammy) Sampson, has this week concluded an official visit to Egypt
Egypt, Norway discuss reconstruction process in Palestine
The two ministers discussed the latest developments in the Palestinian issue, whilst also reviewing ways to strengthen bilateral relations between the two countries.
4 banks acquire 90% of Islamic banking in Egyptian market
Faisal Islamic Bank of Egypt ranked first with EGP 119bn turnover in March 2021