Latest Business News
EGP 12bn increases in size of Egyptian Gulf Bank assets
Bank plans to increase its retail banking portfolio to EGP 1.4bn by…
Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s
The Central Bank of Egypt (CBE) devaluated the pound by 13% in…
NBE considers granting EGP 7bn to economic sectors in coming period: deputy chairperson
The bank settled EGP 2bn of non-performing debts from July 2015 until…
VW paves the way for big changes ahead
Seeking to move past its Dieselgate scandal and catch up with the…
G7 at odds over how to spur sluggish growth
Differences over fiscal policy and reforms dominate the agenda of a G7…
High emissions levels found in more car models in Germany
Germany’s transport ministry has found 30 car models to have conspicuously high…
A320 is the most secure aircraft model: Airbus
Aircraft manufacturer Airbus said in a statement that its A320 is the…
Al-Sisi approves Russian loan agreement worth $25bn to establish nuclear plant
The station includes four 1200 MW capacity power units to be implemented…
Careem hires 2,000 new drivers monthly, demand for service increases by 60% per month
The company has brought more than $70m worth of direct foreign investments…
Egypt’s trade deficit declined by 22% in February: CAPMAS
Egypt’s trade deficit declined by about 22% in February 2016 compared to…