Tuesday was last day to repay first tranche of AIBank capital increase
First tranche estimated at EGP 500m, second at EGP 300m, repaid before March 2020
Cairo Opera House celebrates International Jazz Day
Egypt joined on Tuesday the world’s celebration of the 8th International Jazz Day organised by the UNESCO to honour the popular music genre. Egypt will celebrate the event by holding…
Trade Ministry, IFC’s delegation discuss development programmes to support industry, trade sectors
The two entities to implement joint programme to increase the competitiveness of Egyptian product in local and foreign markets
Saudi Arabia has seven of top 30 MEA banks with assets of $513bn: S&P Research
NBE ranked 13th with $85.18bn assets, Banque Misr 25th with $49.44bn
Canal Sugar inks EGP 5bn contracts to complete Minya sugar beet project by 2021
Canal Sugar, an Egyptian joint stock company, headed by the Emirati investor Gamal Al Ghurair, signed three contracts worth EGP 5bn to complete the establishment of its sugar beet project…
Nassar meets with Chinese clothing companies, discusses investment plans
Minister of Trade and Industry Amr Nassar met with Chinese companies working in the field of spinning, weaving, and ready-made garments, who are interested in investing in the Egyptian market,…
EBRD appoints Khalid Hamza as deputy head for Egypt’s office
The European Bank for Reconstruction and Development (EBRD) has appointed Khalid Hamza as the new deputy head of its office in Egypt. Based in Egypt, Hamza will assume his role…
Al-Sisi, Conte discuss updates of Regeni’s case amid Beijing visit
President Abdel Fatah Al-Sisi stressed on Saturday the distinguished historical ties between Egypt and Italy at the political and economic levels. He said so in a meeting with the Italian…
French police arrest 4 suspects for plotting attack on security forces
Paris prosecutor's office on Monday said three adults and a minor had been arrested over a planned attack on French security forces that was due to be carried out in…
US investment fund to buy United Bank of Egypt in 3 months, CBE to maintain stake: Amer
The United Bank of Egypt will be sold to a major US investment fund within three months, the Central Bank of Egypt’s (CBE) Governor Tarek Amer revealed on Monday. Amer…