Latest Business News
Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end…
Five banks start issuing prepaid cards to pay government dues electronically
NBE, Banque Misr, Banque du Caire, CIB, ABE issued these cards free…
Egypt warns Turkey against drilling in Cyprus’ economic zone
Egypt warned against intentions of Turkey to begin drilling activities in a…
Egypt to renew oil hedging to shield against oil prices fluctuations: Minister of Petroleum
Renewal is essential to secure subsidy allocations from price changes, says El-Molla
Al-Sisi meets with World Bank president over Egypt’s economic reforms
Malpass welcomes Al-Sisi’s implementation of reforms, recognises need for further progress on…
Egypt to become most important tourist destination in 2020: Adventures by Disney
Egypt is to become most important tourist destination by 2020, according to …
Uber, Careem reveal to ECA details of their acquisition deal, waiting for its decision
As per law, ECA to take one of three decisions: approval, rejection,…
Sawari Ventures plans to invest EGP 300m end-2019 through four new deals
Ahmed El-Alfy, chairperson of Sawari Ventures, said that the firm will be…
Bank Audi signs final agreement for acquisition of NBG Egypt
Deal depends on approval of both CBE, Banque Du Liban
Cultural tourism represents 30% of Arab tourist inflow to Egypt
Average expenditure of Arab tourists is three times size of European tourists