Banks allocate EGP 122bn to face doubtful debts until June 2019: CBE
Slight increase in non-performing loans at banks in 1H 2019, reaching 4.2% of total loan portfolio compared to 4.1% at end-March, says CBE
Carbon pricing is essential to reducing greenhouse gases: World Bank
Competitiveness concerns should not preclude carbon pricing or emission targets to Paris Agreement levels, namely $40–$80/tCO2e by 2020 and $50–$100/tCO2e by 2030
Egypt targets 3.8% growth in oil, condensates production in FY 2019/20
Refining 3.6m tonnes of crude oil, gas production increases to 51.1m tonnes, says source
Planning Ministry implements 6,200 projects costing EGP 490bn in FY 2018/19
Implementation costs of national projects in previous FY reached EGP 52bn, says Al-Saeed
3rd El-Gouna Film Festival reveals its awards
You Will Die at Twenty, Talking About Trees, Exam won the Golden Star award, while Les Misérables won the Cinema for Humanity Audience Award
American Coleman wins 100m world title, Wang Zheng takes hammer bronze for China
American Coleman wins 100m world title, Wang Zheng takes hammer bronze for China at the IAAF World Championships in Doha.
Egypt, S. Korea to boost joint cooperation on developing Africa: Nassar
Egypt has one of the most stable economies in the Middle East, says ambassador Yoon
Egypt’s tourism is approaching its peak, recording 12% of GDP: Al-Mashat
Al-Mashat added that these figures confirm Egypt’s position as a world leader in the international tourism.
CBE authorises 28 banks to provide mobile payment services in Egypt: Amer
Subscribers reach 13.5 million by end-June, with a total value of transactions of EGP 20bn as of September
US air strike kills 17 in southern Libya
The United States said it will not allow militants to use a conflict between eastern and western-based factions around the capital Tripoli to protect themselves.