Infinity expected to IPO as it builds energy platform across Africa
Company is expected to distribute dividends in Q1 of 2021
Moody’s doesn’t expect major disruption from Suez Canal blockage to Egypt’s payments balance
Ratings agency says temporary disruption will not materially change its expectation of return to pre-crisis canal receipts as global trade recovers
International Maritime Organization praises Egypt’s efforts in dealing with Suez Canal blockage
IMO says it’s aware of implications of temporary closure of canal, asking for patience from stakeholders across supply chain
321 vessels stuck at Egypt’s Suez Canal, all needed logistics provided: SCA Chairperson
Any premeditation in ship’s stranding ruled out, investigations to take place to clarify truth, says Osama Rabie
Bank Audi Egypt to launch new internet, mobile banking applications soon
Bank is keen on improving customer banking experience, by providing more ease in carrying out all banking transactions with best security measures: Iman Badr
Suez Canal Bank to increase contribution in car replacement initiative, puts SMEs finance plan
Bank’s SMEs portfolio reaches EGP 2bn, retail banking records EGP 1.2bn in 2020, says Chairperson Hussein Refaey
Egypt Post to develop 1,500 post offices, deploy 1,000 ATMs in 2021
Egypt Post intends to deploy 30 postal services kiosks during 2021
Orascom Construction sees strong pipeline of projects in services sector in 2021
Company reports $25.9m in bottom-line for Q4 of 2020
Egypt’s Public Prosecution investigates building collapse in Cairo’s Gesr El Suez
Building’s basement recently used as factory, modifications on floor caused building deflection
Egypt Insurance Federation forms work team to compensate Sohag train victims
Compensation is paid directly to affected people without intermediary