Latest Business News
Prices of food items ‘increased’, minister promises control
Food prices will not increase following dollar rise, Hanafy says
CBE governor claims responsibility for reduction of pound’s value against dollar
In a meeting with the CBE deputy governor and various banking officials,…
6% response to Al-Sisi’s demand to donate to Tahya Masr: Baseera poll
About 1/5 of Egyptians have never heard of the initiative
NBE records EBT of EGP 10.4bn during FY 2014/2015
The bank also achieved a 23% growth in loans granted to small…
CBE’s SME funding initiative met with doubt
The initiative conflicts with other government lending initiatives because of its low…
Egypt to sign petroleum, investment agreements with Saudi Arabia
The agreements to be signed Sunday follow orders from Saudi Arabian King…
Banque Misr pays EGP 3.6bn in taxes, achieves highest net profit in its history
The bank’s net profit reached EGP 4.2bn in FY 2014/2015, compared to…
AIB aims to increase SMEs loans portfolio to EGP 7bn by 2020
The volume of loans provided to SMEs amounted to EGP 1.5bn, equal…
China’s Wanda new FIFA top sponsor
FIFA announced a new sponsorship deal with China's Wanda Group, in a…
Renewable energy targets may have increased emissions
A recent study found that some biofuels produce three times the emissions…