Hariri family sells its share in Arab Bank to group of investors
Oger Middle East Holding Company, owned by the Hariri family, sold its share in the Arab Bank on Wednesday. The company’s share, which amounted to about 20% of the bank's…
Sinai MPs call on families to suspend calls for strike
The partial civil strike was planned for Saturday after a refusal to reveal the results of the investigations on a security operation that had led to the death of five…
Egypt continues to suffer from consequences of currency flotation: Focus Economics
Focus Economics forecasts an average inflation of 20.1%, 13.6% for calendar years of 2017 and 2018 respectively
Zahed Mohamed, Karim Abdel Gawad, and Zeina Mickawy stand in February’s championships
Zahed Mohamed won the Pittsburgh Open, while Karim Abdel Gawad and Zeina Mickawy were the runner-ups of the Swedish Open and the Winnipeg Open respectively.
Usage of cards abroad dropped by 55% following flotation: CBE
Egyptians usage of cards abroad dropped by a value of $223m in November and December 2016, following the Central Bank of Egypt (CBE) decision to float the national currency—a drop…
Keif cafe staff detention extended for 15 days
In response to the incident, the governorate has cracked down on unlicensed cafes
Darwish signs MoU to establish Polish industrial zone at Suez Canal
Ahmed Darwish, chairperson of the Authority for the Suez Canal Economic Zone, signed a memorandum of understanding with the Pomeranian Special Economic Zone during his visit to Poland, to create…
Egypt condemns Israeli bill legalising settlements on Palestinian lands
International voices criticised the bill, and called for the activation of the UN security council resolution
The Egyptian Exchange approves Banque du Caire shares listing in EGX
The Egyptian Exchange (EGX) has announced their acceptance of Banque du Caire’s application to list its shares in the EGX with a capital of EGP 2.25bn, distributed over 562.5m shares…
Net foreign purchases of T-bills jump to $1.15bn in January
Foreign investments in debt instruments is one of the most important sources of international financing for emerging and developed economies: CBE