Latest Business News
EU joins Rotary Egypt, Al-Orman in supporting Egyptian families through “60 Days Initiative”
The EU contributed EGP 85,000 to the initiative, enough to provide 500…
iRead launches interactive, entertaining activities on social media
iRead has successfully managed to encourage a diverse community to use their…
Egypt’s NIR decline to $37bn in April: CBE
Bank honours all of its external obligations amounting to around $1.6bn
Government spends EGP 40bn out of EGP 100bn allocated to confront coronavirus: Maait
Budget revenues down EGP 75bn, of which EGP 65bn decline in tax…
Egypt’s government investment expenditures up EGP 80bn in FY 2020/21
Next budget of New Urban Communities Authority will also be increased
Local auto sector slowly recovers as vehicle licensing resumes
The pandemic has stymied the global automotive sector, causing disruption to production…
Oil prices fall amid oversupply concerns
Oil prices fell as WTI for June delivery dropped $0.57 to $23.99…
IMF to approve $2.8bn for Egypt in next few weeks: IIF
The funds, which are 100% of the quota, will be made available…
NBE leads banking consortium to provide €30m syndicated loan to MidElec
Hisham Okasha, Chairperson of NBE, said the arrangement of this loan comes…
EgyptERA renews energy production, distribution licences for 5 companies
EgyptERA has extended the power generation licence of Midor Electric Company (MIDELEC)…
