Latest Business News
330 vessels transited Suez Canal in last week of 2015
Suez Canal Data reported a revenue decline to $408.4m in November compared…
EGX aims to close between 6990 – 7050 points Sunday
Analyst predicts conservative first week movement in stock performance as there are…
Government targets 10% increase in exports
Four working groups formed to draft a plan to accelerate import and…
NBE to increase retail loans to EGP 50bn by end of 2017
Retail loans reached 21% of the bank’s total loans portfolio, and will…
Banque Misr financial report highlights EGP 50bn increase in deposits
The bank recorded an EGP 56bn increase in its financials in FY 2014/2015
Housing and Development Bank opens its 64th branch
The bank will begin applying the new Core Banking system and offer…
Egypt shuts down Facebook’s Free Basics ahead of uprising anniversary
A free Facebook Internet service connecting more than three million Egyptians has…
Ministry of Finance announces EGP 96.7bn budget deficit in first trimester of FY 2015/2016
State expenditures totaled EGP 221.2bn, an increase from the EGP 183.7bn in…
Tripartite Free Trade Agreement, restructuring of export councils represent key changes in foreign trade in 2015
An annual report issued by the Ministry of Industry and Foreign Trade…
Ministry of Finances announces tax revenue for first third of FY 2015/2016
EGP 18bn increase in revenue compared to 2014/2015 FY attributed to reforms…