Latest Business News
NBE to defer EGP5bn in loan payment installments
The National Bank of Egypt (NBE) will defer EGP5bn of debt payment…
Gold retailers slowly resume business
The price of gold increased Tuesday, with 21 carat gold increasing EGP6…
Galal to Beltone Financial: Egypt targeting budget deficit of 9% in 2013-2014
The conference call is the second held by Beltone following last week’s…
Egyptian banks register profits despite economic uncertainties
Faisal Islamic Bank of Egypt announced net profits worth EGP 370.816m in…
Central Bank of Egypt sells $1.3bn in its first exceptional auction
CBE set to hold an exceptional dollar auction of $1.3bn on Wednesday…
Euromoney Conference to debate how to accelerate Egyptian economy
Banks outlined the main objectives of the 2013 Euromoney Egypt Conference, including…
Eurozone escapes recession: Eurostat
Analysts welcomed the figures, which reinforce other survey findings, but were also…
Kodak says it emerges from bankruptcy with tech focus
The company's re-emergence opens a new chapter for an enterprise that helped…
Egypt to receive additional $ 2bn in aid from UAE
UAE’s prince Mohammed bin Zayed Al-Nahyan pledged to send $ 2bn additional…
Government sets aside EGP 400m for industrial zone development
Ministries discuss the development of industrial sector