Our investments amount to EGP 50m, says Nawara
We contracted with Honeywell to use Bendix trademark in Egypt and North Africa, says Nawara
Noble shares tank after default warning
Shares in the once-powerful Hong Kong-based commodities trader have lost a third of their value and were eventually suspended from trading following a warning by a ratings agency that it…
European automotive market experiencing huge suffering in 4 year
The sales of European cars declined to their lowest pace in four years last month due to lower purchasing power and tax changes in Britain. Bloomberg News Agency reported that…
Sales of high-priced cars exceed sales of middle-class cars
Cars worth more than EGP 2m registered more sales than middle-class cars worth around EGP 150,000. This reflects the reluctance of the middle class to buy cars during a phase…
Daimler expands its e-battery production
During a groundbreaking ceremony in eastern Germany, premium carmaker Daimler has confirmed its e-mobility ambitions. The company is building another huge factory for the production of e-batteries.Automaker Daimler on Monday…
Investors believe raising interest rate is wrong, expert says it could control the economic situation
The Monetary Policy Committee (MPC) announced on Sunday raising the discount rate by 2%, reaching 17.25%. In addition, the overnight deposit rate, overnight lending rate, and the rate of the…
Banks tend to maintain interest rates unchanged despite CBE’s 2% hike
Government banks offer highest return on savings in the local market and they need to study the impact of new rises on money cost
Raising interest rates shakes markets, disturbs business community
Businesspeople outraged amid expectations that debt payments will increase by EGP 30bn
Mechanisms of GCCEI yet to be declared, experts praise Al-Sisi’s speech on counterterrorism
The president’s speech focused on four elements that briefly encouraged the idea of searching beyond countries that are supporting terror organization
The Islamic-US summit, a Sunni mobilisation against Iran?
Hamas rejects Trumps accusations, saying it shows his "complete bias" towards Israel
