Latest Business News
Siemens slashes 2,500 jobs in industrial division
German engineering giant Siemens has announced it'll have to cut thousands of…
Foreign deposits, withdrawals balance out at banks on Wednesday, Thursday
Approximately $8m exited one of the largest banks following CBE decision to…
Arab-American banking dialogue to discuss international cooperation, combating terrorism financing
Union of Arab Banks to issue largest database on financial and banking…
Exchange firm officials prepare for expanded meeting with CBE
El-Abyad denies any agreement between CBE and exchange firms on a specific…
Migration to electronic payments added nearly $300bn to GDP of 70 countries: Visa-commissioned study
Electronic payments added $10m to Egypt’s GDP and created 2,300 jobs per…
Gulf markets’ performance remains positive
During the past week, Tadawul registered a 4.02% increase in its performance.…
Amer condemns media for promoting exaggerated dollar prices in informal market
We cannot consider the process of dollar trade outside the banking sector…
Minister of International Cooperation discusses support of 1.5m acre project with FAO
A number of officials in the organisation, who are currently visiting Egypt,…
Graviton Capital looks into investing in new energy projects in Egypt
The firm allocates $15m-$20m per investment, but investment will only take place…
