Hariri family sells its share in Arab Bank to group of investors
Oger Middle East Holding Company, owned by the Hariri family, sold its…
Usage of cards abroad dropped by 55% following flotation: CBE
Egyptians usage of cards abroad dropped by a value of $223m in…
Net foreign purchases of T-bills jump to $1.15bn in January
Foreign investments in debt instruments is one of the most important sources…
CBE launches initiative to renovate floating hotels and tourism fleets with EGP 5bn, 10% interest
The Central Bank of Egypt (CBE) launched an initiative to subsidise the…
Banks operating in Egypt record EGP 56bn net profits in 2016: CBE
The Egyptian banking sector is powerful and capable of overcoming the effects…
CAPMAS predicts one degree Celsius rise in temperature will lead to 18.2% decline in wheat productivity
In its most recent study on strategic crops in Egypt, the Central…
Egyptian remittances amount to $4.6bn in Q4 2016: CBE
Total remittances sent home from Egyptians working abroad rose during the period…
Gold value increases to $2.45bn in foreign exchange reserves by late January 2017
A report published by the CBE on Sunday revealed that foreign exchange…
Egyptian-Belarusian cooperation protocol to establish heavy transport vehicle factory
The new factory will produce heavy transport vehicles with 60-70% of its…
Reductions in output and new orders stress non-oil private sector: PMI
PMI posted below the crucial mark of 50.0 for the 16th month…