Latest Business News
Beltone forsees 0.5% interest rate cut in CBE’s coming meeting, 3% cut in 2020
We do not expect pressure on local currency after interest cut, exchange…
Production testing of Zohr’s 13th gas well likely to start next week: source
Gas consumption by power plants down by 500m scf/day, say source
Egyptian pound gains 5 piasters against the US dollar despite CBE’s interest rate cut
The average official price of the US dollar at the Central Bank…
EGX rises 3.3%, supported by Egyptian and foreign purchases
In a clear turn of events, the EGX decided to suspend trading…
Government to issue EGP 582.5bn worth of T-Bills, T-Bonds in Q2 FY 2019/20
Ministry of Finance plans 56 T-Bills auctions worth EGP 528.5bn, 28 T-Bonds…
Dubai gears up for world’s greatest show, Expo 2020
Daily News Egypt at the premises of Expo Dubai 2020
Qalaa Holding records 8% y-o-y climb in revenues to EGP 3.49bn
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation…
Domty signs two loans of EGP 100m, EGP 40m from CIB
The production capacity of the new line will be 270,000 pieces a…
End of political tensions, interest cut boost EGX’s gains this week
Lower interest rates will encourage investment borrowing, says Abu Basha
Banks allocate EGP 122bn to face doubtful debts until June 2019: CBE
Slight increase in non-performing loans at banks in 1H 2019, reaching 4.2%…