Government focused on reprioritising public spending to ensure efficiency: El-Garhy
Investors, representatives of the international business community showed interest in Egypt’s international bond issuance
Foreign minister puts emphasis on bilateral relations at Egyptian-Austrian forum
Shoukry held a meeting with Austrian chancellor Christian Kern on the sidelines of the forum
Health Committee to summon minister of health on soluble medicines shortage
Health Ministry is negotiating with Nile Pharma and Nasr Pharma to increase their shares, say sources
CBE vows to ‘punish’ banks lagging behind in SME support
The Central Bank of Egypt (CBE) vowed to punish banks that lagged behind on the implementation of the initiative launched earlier this year to support the financing of small- and…
EGX to break through resistance level of 8,500 points
Analysts and technical reports predict that stability on this level will make EGX move to 9,000 points this week
Issued credit cards increase to 3.8m at June’s close: CBE
The number of credit cards at banks operating in the Egyptian market increased to about 3.825m cards as of the end of June, compared to 3.28m cards in December 2015—an…
275 ships transit Suez Canal in 6 days
Suez Canal traffic data showed that 275 ships transited the canal, with a total load of 16.8m tonnes, from 8-13 October. An average of 45.83 ships passed through the canal…
Non-performing loans fall to 5.9% as of end of June: CBE
Private sector accounts for 70.6% of total loans provided by banks to their customers, and loans-to-deposits increase to 44.5%
Activist Haitham Mohamedain released
Mohamedain was arrested on 21 April during nationwide security raids that took place prior to the 25 April demonstrations
ICJ calls on Egyptian authorities to not interfere in judiciary affairs
The armed forces and Egyptian authorities use the judiciary to punish opposing groups, says Benarabia