Latest Business News
AAIB seeks to attract more investments, contribute to development in the SCZone
The bank signed a memorandum of understanding with the General Authority for…
Banks achieve net profits worth EGP 30.143bn in Egyptian market until September 2016: CBE
The five largest banks acquire 44.32% of total profits, 42% of total…
Non-performing loans reach 5.9% by the end of September 2016: CBE
The private sector acquired 70% of total loans offered by banks to…
IMF deal eases Egypt’s market pressure along with other frontier markets: Fitch Ratings
IMF support has played an important role in reducing external liquidity risks,…
293 ships transit the Suez Canal in 6 days carrying 15.3m tonnes
Suez Canal traffic data showed that 293 ships transited the canal, with…
Electricity Ministry to announce winners of smart metres tender by end of January
The Ministry of Electricity is set to announce the companies that have…
EETC postpones opening envelopes for Egyptian-Saudi electrical interconnection cables and transformers tender to next month
The Egyptian Electricity Transmission (EETC) intends to postpone the opening of the…
PetroSilah invests $55m in 2016/2017 for petroleum exploration
The company plans on increasing crude oil production to 12,000 barrels per…
Government borrows EGP 1.121tn through bills, bonds during 2016
Ministry of Finance intends to borrow EGP 299.019bn from banks in Q1…