Latest Business News
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…
In Africa 2016 opening remarks, Al-Sisi calls for intra-African trade integration
Intra-African trade constitutes only 12% of the continent's total trade volume, with…
Mauritania to hold Arab Summit in April after Morocco withdraws
Summit is an occasional meeting that gives false indication of unity among…
Egyptian exports to COMESA amount to $1.7bn in 2015 despite FTA
Government expected an increase in COMESA exports
$128bn direct investments in Africa in 2015: COMESA
Africa has become most attractive destination for foreign investment, with expectations for…
AfDB announces $140m fund for Egypt’s Administrative Capital
President of the African Development Bank (AfDB) Akinwumi Adesina said the bank…
153,410 SMEs registered in I-Score’s database until end of 2015
New definition of SMEs introduced by the CBE will have a positive…
Uncertainty surrounds United Bank chairman appointment
While Fahmy is considered most likely to ascend to the leadership role,…
