$422.9m Arab Bank Group’s net profit in first half of 2015

Loans and advances grew to reach $24.1bn, compared to $23.7bn on 30 June 2014

Daily News Egypt

Al-Sisi issues decree enabling dismissal of officials at independent state institutions

Decision, which has come into immediate effect, affects officials who become “untrustworthy or unsuitable for his position”

Amira El-Fekki

Market awaits US dollar’s trend at start of working week

Expectations of new rises in US currency’s price against Egyptian pound

Hossam Mounir

Banque du Caire launches charity convoy for third consecutive year

Banque du Caire has continued its organisation of the charities convoy launched three years ago. According to the banks' Chairman and CEO, Mounir El-Zahid, this year’s convoy was distributed among…

Daily News Egypt

3 banks arrange syndicated loan of EGP 1.3bn for Evergrow

List includes AAIB, National Bank of Egypt and Abu Dhabi Islamic bank

Daily News Egypt

United Bank of Egypt to grant 100 awards to MasterCard ‘Rakhaa’ users

The United Bank of Egypt plans to grant 100 awards to its clients who hold the MasterCard “Rakhaa”, considered to be the first credit card which meets Shari’a provisions in…

Daily News Egypt

HCCD targets EGP 1.13bn profit over FY 2015/2016: Investment Ministry

Asset Management Committee follows up on all the holding companies' performance, development plans, according to Salman

Mohamed Ayyad

Private free zones’ terms reviewed, new controls to be introduced: Investment Minister

Study will be conducted regarding establishing new free zones and attracting investments to current regions, says Salman

Mohamed Ayyad

Will Al-Sisi manage to contain Egypt’s youth or is confrontation inevitable?

By Mohammed Nosseir 'Youth is the future!’ is a common phrase frequently repeated in Egypt - but those who utter it are referring to the distant future; only when it…

Daily News Egypt

Detention for ‘torture t-shirt’ student to reach 580 days

Teenager Mahmoud Hussein was allegedly beaten and electrocuted into saying he possessed explosives, belongs to Muslim Brotherhood

Emir Nader