Latest Business News
Deutsche Bank plans sweeping restructure
German lending giant Deutsche Bank has announced a top-level streamlining of its…
Contracting sector seeks banking assistance to implement major national projects
Banks are rejecting the issuance of letters of guarantee if projects belong…
Bank deposits increase by over EGP 39bn in July, loans by EGP 8.2bn: CBE
According to CBE, the total deposits growth rate of banks in July…
Dollar loan partly allocated to repay foreign petroleum partners
We regularly repay the monthly bill of the partners' share of oil…
Dollar price to break EGP 8 barrier in banks for first time
Price reaches EGP 8.40 in black market, which is in complete paralysis…
Air France to keep 2016 job cuts despite clashes
Air France will go ahead with nearly one thousand lay-offs in 2016…
Juhayna profits EGP 218.6m in consolidated results
Company took three medium-term loans amounting to EGP 480m
Mobile phone smugglers are biggest winners of the dollar crisis
We reduced our spending investment by 90% and are studying layoffs, says…
EGP devaluation is not a condition to increase exports: Exporters
The contradiction between monetary policies and economic policies led to the decline…
Depreciating EGP postpones foreign investments
Foreign investors are sure that the Egyptian pound will be devalued further