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Latest Business News

Whenever the price of the dollar inches up, importers worry that the rise will affect demand for their products, and so they adopt a “wait-and-see” approach to test the market (AFP/Photo)

Cairo Chamber of Commerce

CAPMAS: Trade deficit jumps 28.8% year-on-year in November

Exports fell by 1.5%, while imports jumped 14.4% during the same period

February 18, 2013

Al Morsi Hegazy said that the UK-based finance magazine praised Egypt’s strong PPP programme, highlighting that the country had succeeded with these projects despite the global financial crisis and its own current economic instability (Photo Ministry of Finance Website)

Al-Morsi Hegazy

The 7th International Takaful Summit in Egypt

Egypt hosting the summit reflects confidence in the country’s economic future, said…

Daily News Egypt

February 18, 2013

$Jones Lang LaSalle Craig Blomb said that Dubai had passed its peak for construction in its real estate market and for that reason demand was set to increase at a faster rate than supply (AFP\Photo)$

Egyptians invest EGP 1.4bn in Dubai real estate last year

Demand for real estate projects in the Emirate is set to increase…

Daily News Egypt

February 18, 2013

Banking and Insurance Special: E-Finance to partner with banks

Blom Bank Egypt, the Arab Bank, NSGB and CIB among those negotiating…

Daily News Egypt

February 17, 2013

The CEO of The Egyptian Life Takaful Company, revealed to Al-Borsa that his company is targeting EGP 120m installment dues by the end of the current year (Photo:Public Domain)

Banking and insurance special: Takaful CEO speaks about investment challenges

Abdel Shakour: The scarcity of investment channels is the biggest challenge in…

Daily News Egypt

February 17, 2013

ATM - Daily News Egypt fix

Banking and insurance special: Tanmeyah, AAIB to offer money transfer services

The services will be offered through ATMs at Tanmeyah branches across the…

Daily News Egypt

February 17, 2013

Banque du Caire will increase its car loans portfolio by 40% amid plunging car sales (Photo -DNE)

Banking and Insurance Special: Banks to increase car loans portfolio

Betting on their portfolio, Banque du Caire intends to increase car loans…

Daily News Egypt

February 17, 2013

Leading the way among traditional banks offering Sharia-compliant services is Banque Misr, with a total of EGP 22bn in Sharia-compliant transactions. (Photo:DNE)

Banking and Insurance Special: Conventional banks enter Islamic banking sector

In a bid to increase profits, furious competition ensues in the Islamic…

Daily News Egypt

February 17, 2013

Some people criticised Central Bank policies after the 25 January Revolution, and that it had been helped by Egyptian banks to help businessmen to smuggle their money deposited in banks abroad (File Photo) (AFP Photo)

Banking and Insurance Special: CBE to assist investigators

CBE is willing to assist investigators to uncover financial transfers before and…

Daily News Egypt

February 17, 2013

The takaful insurance industry was still performing below its potential, as growth rates at various points in the past had fluctuated between 8.5% and 9.5%. (AFP-Photo)

Insurance Federation of Egypt

Banking and Insurance Special: Takaful and the insurance industry

Will takaful become the dark horse of Egypt’s insurance industry in the…

Daily News Egypt

February 17, 2013