Latest Business News
Banking sector shaken by raised NBE, Banque Misr interest rates
Intensified meetings in banks to discuss the move’s effects on customer deposits
Banque Misr collects EGP 400m through certificates on first day
They surprised banking market with launch of two certificates with annual returns…
Following release of savings certificates, EGX sheds EGP 8.5bn
UK and Russia’s suspension of flights takes toll on stock market
UNB-Egypt aims to acquire 5% of Egyptian banking market in 10 years: Vice Chairman
UNB supports Emirati investors in Egypt, and issued letters of guarantee worth…
322 ships transited Suez Canal last week, with a decline of 5.3%
Average load per ship reached 56,566 tonnes, compared to 55,200 tonnes during…
Bureaucracy obstructs Indian investment worth $100m
Lack in labour force and difficulty in industrial waste disposal are M.B.…
HC predicts decline in current account balance to 4.7% of GDP in FY 2015/2016
HC believes that the EGP needs to be depreciated to gain competitiveness…
BAPETCO achieves highest oil and gas production rate in 15 years
An additional 514m cubic feet of gas to be added daily to…
Banque Misr, NBE issue savings certificates with 12.5% return
The step aims at combating dollarisation, and banks issued two similar certificates…
Tourism ministry forms crisis operation chamber
Ministry to promote trips to Egypt in the Gulf region and North…
