EGP 2.5bn syndicated loan to Majid Al Futtaim

Alex Bank and the National Bank of Abu Dhabi will act as account banks

Daily News Egypt

Parliament overwhelmingly approves internal by-law

The by-law was immediately sent to Al-Sisi for approval

Taha Sakr

Banque Misr inaugurates regional headquarters and new branch in Dubai, UAE

Chairman of Banque Misr Mohamed El Atriby inaugurated the Dubai branch and the new regional headquarters for Banque Misr’s branches in the United Arab Emirates (UAE)

Daily News Egypt

Telecom Egypt reshapes its board of directors, chooses its executives

Maged Osman resigned from Orange, possibility he will be appointed as chairman of board of directors at TE

Mohamed Alaa El-Din

Russia will not attend Nuclear Security Summit due to ‘lack of cooperation’

Russia cited its absence in preparing the summit's agenda as reason for not participating

Daily News Egypt

Hijacker made ‘incoherent’ demands, including release of prisoners: Cypriot police

The Cyprus police press office told Daily News Egypt that Seif Eddin Mostafa did not ask for Asylum

Ahmed Abbas

Cabinet sends FY 2016/17 budget to Al-Sisi for approval

Minister of Finance expects 9.9% state budget deficit, 5.2% economic growth

Mohamed Ayyad

Cabinet reveals plan to borrow EGP 291.25bn from banks in next 3 months

Ministry of Finance reduces term of loans to five-year maximum, cancels seven and 10-year bonds

Hossam Mounir