Latest Business News
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…
The end of VW in the US?
Volkwagen is struggling with US authorities for a solution to the emissions…
Basic interest rate raised by 1.5%
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…
Domty IPO oversubscribed by 10.718 times
Shares in the Arabian Food Industries Company’s (Domty) initial public offering (IPO)…
Moody’s praises CBE pound devaluation
Flexible exchange rate can offset some major challenges, Moody’s says
Automotive agents decry conditions of sector in Egypt at Automech Formula
The general manager of MTI however lauded the central bank’s decision to…
Egypt does not have time to remove bureaucratic obstacles: Salman
Salman added that his ministry will work easing investment procedures in front…