Latest Business News
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered…
Assiut power station project receives $106m loan from KFAED
The loan has a 2.5% fixed interest rate to be paid over…
TransCentury sells Rift Valley Railways stake to Egypt’s Citadel
Reuters - Kenya’s TransCentury said on Tuesday that it has sold its…
Saudi Arabia’s NCB plans capital hike before IPO
Reuters - National Commercial Bank, Saudi Arabia’s biggest bank by assets, plans…
UAE lender NBF may tap capital markets: CEO
Reuters - National Bank of Fujairah, which has secured credit ratings from…
Italy provides Egypt EGP 3.5m for solar power in Wadi Al-Rayan
The solar energy units are currently delivering electricity to 19 buildings in…
French, Spanish car sales rally, Chevrolet fades: Trade data
AFP - French car sales picked up strongly in March after a…
Egypt covers all dollar backlogs for foreign investor repatriations
In a push to restore confidence in the economy, authorities opened a…
Egypt’s Suez Cement Raises Dividend
Reuters - Suez Cement, Egypt’s biggest listed cement maker by market value,…