Year: 2016

2 vehicles with bombs located in Cairo

A car bomb went off targeting a judge in Nasr City, and…

Daily News Egypt

Cairo Metro addresses cabinet, again, to increase ticket price to EGP 2

Parliament summon heads of Cairo Metro and Egyptian National Railways to review…

Abdel Razek Al-Shuwekhi

Egyptian pound flotation is a historic decision: bank leaders

Raising interest was important to protect citizens' savings and to face expected…

Hossam Mounir

HRW, Amnesty International call on Egypt to lift arbitrary travel bans

12 activists have been barred from travelling since 2013, the two international…

Daily News Egypt

Social protection measures will be taken after raising fuel prices, floating the Egyptian pound: Prime Minister

The number of Takaful and Karama beneficiaries was boosted to 1.7 million…

Mohamed Ayyad

Some banks raise interest on savings vessels after CBE decision, public banks to follow suit

Some banks operating in the local market have quickly raised the interest…

Hossam Mounir

Pound flotation, increase in energy prices to revive Egypt’s economy: World Bank

The World Bank said on Saturday that the liberalisation of the Egyptian…

Daily News Egypt

3 factors determine effectiveness of flotation in boosting acquisition assessments, offerings to foreign investors

Egyptian companies’ ability to pass the price increase to consumers and banks’…

Mohamed Ahmed

Eastern Company for Tobacco proposes to Philip Morris purchasing tobacco for late revenues worth $35m

Eastern Company to hold meeting within two weeks with Philip Morris to…

Mohamed Ahmed

Banks looking forward to returns on debt instruments following Egyptian pound’s flotation, raising interest by 3%

The average return on initial treasury bills increased by 3.6% and exceeded…

Hossam Mounir