US dollar exchange falls to EGP 16, the lowest since February 2017

The price of the American currency also declined in Al Ahli Bank of Kuwait, Arab Investment Bank, Emirates NBD, HSBC, Housing & Development Bank, recording EGP 15.99 for buying and…

Nehal Samir

Total mortgage finance in Egypt increases 67.6% in 3Q of 2019

MFF’s share of total mortgage financing reached at EGP 136.1m in 3Q of 2019, says FRA

Shaimaa Al-Aees

EBRD announces $100m financing package to NBE

SMEs, energy efficiency, climate mitigation projects to benefit from the fund

Hagar Omran

USAID, Egypt sign assistance agreement amendment worth $6m

The agreement demonstrates continued support for joint US-Egypt priorities, says US embassy

Hagar Omran

Youth should catch up with modern technology: Al-Sisi at WYF

During the session titled “Artificial Intelligence and Human Beings: Who Controls?” Al-Sisi said addressing the youth, “you have to catch up with modern technology,” as it will be difficult to…

Omnia Rizk

Gradual recovery for private sector in 2020: EFG Hermes

Interest rates to witness 150-200 bps cut in 2020, with inflation stabilisation at 6-7%

Doaa Elboraie

Al-Futtaim breaks ground on Festival Avenue with EGP 2bn expansion to open in 2022

The expansion marked the celebration of the six-year anniversary of Cairo Festival City Mall. The new expansion, with investment exceeding EGP 2bn, will add a gross leasable area of 22,000…

Shaimaa Al-Aees

Egyptian hotel markets continue to experience strong levels of performance

Occupancy rate in in Cairo, Sharm El Sheikh, Hurghada, and Alexandria recorded 80%, 60%, 67%, 82%, respectively.

Doaa Elboraie

IWAN: an Ideal collaboration that has grown into a multibillion-pound corporation

With a vision, a sibling leadership in place, and seed money to get started, the brothers opened their first office; the rest, as they say, is history. Since that day, IWAN has grown into a multibillion-pound…

Daily News Egypt

Banking sector is one of the most important pillars of Egyptian economy: Attijariwafa Egypt

Attijariwafa Bank Egypt opened four new branches in Cairo and Giza

Hossam Mounir