ALEXBank registers EGP 724m in net profits

ALEXBank reported a 9.5% growth in net profit in 2014, registering EGP 724m, despite 5% increase in the enacted tax rate, the bank announced last week. The bank noted that…

Daily News Egypt

HRW calls for halt of executions in ‘Arab Sharkas cell’ case

Death sentences approved by Defence Minister Sedki Sobhi on 24 March, after appeal rejected

Adham Youssef

Barclays Egypt to boost credit portfolio to EGP 9bn

Barclays targets a 10% growth in the deposit portfolio by the end of 2015

Daily News Egypt

Domestic liquidity rises by over EGP 1bn

The figures show that domestic liquidity now registers EGP 1.109bn (7.3%) during the first half of fiscal year (FY) 2014/2015.

Daily News Egypt

Banque Misr to allow services 24 hours a day through “Remote Teller”

Banks should adopt developed technological infrastructure that aim to develop communication channels with customers, says head of retail

Doaa Farid

Hotel room revenues to increase in upcoming period: Colliers International

Quarterly and annual forecast sees rise in room revenues compared to last year’s corresponding periods

Sara Aggour

Individual bank customers range between 6-8 million: NBE Chairman

There are 10 ATM machines for every 100,000 customers in Egypt, Okasha said

Doaa Farid

2 bombs explode in front of school in Giza

No causalities were reported

Daily News Egypt

Jeddah receives Egyptians fleeing Yemen: Foreign ministry

Egyptians say airstrikes are keeping them from making their way to Saudi Arabia

Jihad Abaza

US ‘strongly condemns’ Sinai attacks

Washington says it "supports" Egypt in its "fight against terrorism"

Jihad Abaza