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…
Egypt’s renewable energy draws interest, but little progress
The wind-farm project is estimated to cost around $580m according to Al-Arabiya…
Zaazou reaches out to travel industry in a YouTube video
While placing emphasis on maintaining tourism partnerships abroad, Zaazou asked foreign travel…
Around 5.5m tonnes of wheat to be imported in October
On 30 August, the GASC stated on its official website that its…
Agzakhana closes venture capital with Vodafone Ventures Egypt
The company said “innovative healthcare applications and revenue streams” would be replicated…
Second consecutive year of recession: World Bank
The World Bank has assessed Egypt’s economic growth in the second quarter…
Domestic liquidity surges to EGP 1.268 trillion end of May
The report attributed the expansion in liquidity levels to a rise in…
State employees’ wages increase by 10%
The cabinet will raise basic wages of state employees by 10% in…
Foreign currency reserves surge to $18.9bn in July
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn…