Latest Business News
EGX not expected to play major role during initial phase of Suez Canal projects
The stock exchange is viewed as a secondary instrument rather than the…
Bulk liquids terminal in Sokhna Port still waits for $360m in funds
Project expected to be completed by mid-2017
$1.208bn offered for investment in treasury bills
Return on bills increased by up to compared to last CBE auction…
Egyptian banks provide EGP 40m for redevelopment of downtown Cairo
Banque Misr, the National Bank of Egypt (NBE), the Commercial International Bank…
United Bank-MoneyGram renewed agreement to facilitate international remittances
The renewed framework allows the bank's customers to transfer money from an…
The African Banker Awards name Bank of Alexandria best in microfinance
The bank's microfinance portfolio closed 2015 with a total volume of EGP…
Confusion reigns following rejection of Civil Service Law
Some employees are yet to be informed under which system they will…
273 ships cross Suez Canal with 14.86m tonnes cargo within six days
The average number of ships that traversed the canal per day was…
Egyptian economy will not be affected by dollar crisis: CBE Governor
Those who reject CBE’s decisions are “unpatriotic”; Egypt is the most profitable…
Amid stalled import operations, Afreximbank-CBE agreement to provide $500m in facilities
The Afreximbank facility is part of a $3.5bn financing programme, approved by the…