Latest Business News
Sawiris, Kanoo, IFC sign agreement to acquire shares of AXA Investment Egypt
The parties expect to sign the final contract before 2016's close: Al-Shabrawishi
International purchase of treasury bills falls to lowest since 2011: CBE report
The CBE will institute a hedging mechanism with a unified dollar exchange…
US dollar records EGP 11 in informal market Tuesday: traders
The CBE provides the US dollar to banks in the local market…
CBE revises mechanism of US dollar allocation
The CBE allocated $120m to banks on Tuesday to finance the import…
NBE loans EGP 1bn to 1,734 micro and small-sized enterprises in February, March 2016
The bank provided EGP 23.4bn to 48,000 SMEs through of March 2016
Egypt’s trade deficit declines by 24.9% in January 2016: CAPMAS
Exports fall short by EGP 10.6bn, compared to EGP 32.9bn in imports…
EU allocates €68m to promote Egypt Gas Connection
Other partners include the French Development Agency (AFD) that will contribute a…
Hyundai Verna: most sold Korean model in Egyptian market in 2016
With1,456 cars sold at EGP 377m, the Hyundai Tucson was the second…
Geely widely outpaces other Chinese models with sale of Emgrand 7
Geely sold 997 Emgrand 7 models for a value of EGP 92.7m
Nissan’s New Sunny sits atop Japanese auto industry in Egypt
Nissan sold1,680 New Sunny models at an estimated value of EGP 199.9m