Banque du Caire leads banking alliance to raise €150m for financing MDF factory
The factory is being built in Idku, Beheira, with a production capacity of 205,000 annually, at a total cost of €215m
Banking, agriculture, manufacturing, logistics to drive Italian businesses in Egypt next year: CISE
Italian investments in Egypt to be doubled next year to €3.2bn, says Romano
HDB’s NIAT increases to EGP 1.521bn in 9M of 2019: chairperson
These profits came despite the challenges that the banking sector has faced since the beginning of the year, including CBE’s interest rate cut and applying the IFRS 9
Egypt’s bank deposits and loans up EGP 126.34bn, EGP 12bn respectively in September 2019
Bank’s credit facilities declined by EGP 31.7bn in three months to EGP 1.822tn: CBE
HC expects CBE to cut interest 0.5% during its next meeting on 26 December
We expect annual inflation to rise in December to 7.3%, which is much less than the CBE's target, in line with the monetary easing policy, says Monette Doss
Syrian army continues operation in Idlib
The report noted that the army destroyed rebel positions and fortifications and eliminated large numbers of the rebel militants.
At least 17 killed, thousands arrested in protests against India’s citizenship law
Opponents say the law discriminates against Muslims, undermines secular constitution
ICC to investigate war crimes in Palestine
Palestine welcomes move, but Netanyahu and Pompeo are not happy
Lebanon’s newly designate PM vows to form government within six weeks
Protesters block the streets condemning Diab’s designation
Parliament to discuss local councils draft law after years of delay
New local councils are expected to be elected next February
