Siemens presents study to Industry Ministry to increase local products’ competitiveness

Wael Omar, senior vice president of digital industries at Siemens Egypt, said that German experts conducted a study on four industrial zones in Egypt. The industrial zones hold 12 factories…

Mohamed Farag

KCC to kick off Korean culture day on 8 October in Alexandria 

Maritime forces' team will take part in the event, perform joint training with Egyptian counterpart, says director

Hagar Omran

US House of Representatives announces impeachment inquiry into Trump

Trump describes inquiry as “presidential harassment,” promising to release transcript of his call with Zelenskiy

Bassant Mohammed

US Prudential Financial to invest in Sarwa Life Insurance through its impact investment arm

Prudential’s investment will help Sarwa Life accelerate the roll out of quality and innovative products, says Hazem Moussa

Daily News Egypt

CBE cuts interest rates by 1% in line of expectations

This is the second interest cut in a row following the 150 basis point on 22 August, and the third in 2019.

Daily News Egypt

Drwazah launches EGP 10bn investments in Egyptian real estate market

Company celebrates launching its first branch in Egypt

Shaimaa Al-Aees

Strong expectations that  CBE’s basic interest rates will be cut by 50 to 150 basis points

MPC ecided at its meeting on 22 August 2019 to reduce the interest rate by 150 basis points for overnight lending, overnight deposit, and CBE's main operation, to settle at…

Hossam Mounir

British PM faces mounting pressure as parliament reconvenes

Johnson faced lawmakers hours after the opening of the parliament as both the main opposition Labour Party and the Scottish Nationalist Party called for him to resign.

Xinhua

Security Council debate highlights preventive measures in counter-terrorism

UN Secretary-General Antonio Guterres described the terror threat as "evolving," saying "the new frontier is cyber-terrorism: the use of social media and the dark web to coordinate attacks, spread propaganda…

Xinhua

EGX starts to reverse losses, climbing 2.5% following 8-day drop

CIB hikes by 5% and Eastern Company by 4.7%

Mohamed Samir