Losses continue to rack GM’s Opel
Despite intense efforts to turn a profit, Opel has yet to come out of the red. But business for the European automaker's American parent company, General Motors, is booming, with…
XD-Egemac implements 80% of electricity transformer stations in Banban
The company received EGP 447m and projects are to be operational within 60 days: Source
Young man reportedly killed near Al-Arish due to reckless shooting
Two other civilians were injured in the same shooting while one conscript was injured in another incident: state-run newspaper
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 renovation of hotels, floating hotels, and tourism fleets. Through the initiative, banks will secure EGP 5bn with an…
Two suspects arrested over death of assaulted client inside restaurant
”Staff and manager were rude to me too because I refused to pay more than what I ordered,” says eyewitness who later testified to the prosecution
Banks operating in Egypt record EGP 56bn net profits in 2016: CBE
The Egyptian banking sector is powerful and capable of overcoming the effects of the flotation of the pound, with capital adequacy of 14.9%, Negm says
Industry ministry establishes Export Development Center, including EITP
Head of the centre and his deputies to be appointed, forming the administrative structure within days
Egypt aims to import LNG shipments in 2018
Egypt is planning to import between 100 and 108 cargoes of liquefied natural gas (LNG) this year while preparing to begin production at two gas fields. This step will help…
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 Agency for Public Mobilization and Statistics (CAPMAS) said that wheat productivity could drop from 2.69 tonnes per acre…
Beltone delineates Egypt’s economy over the coming 5 years
Beltone Financial issued its annual report covering the Egyptian economy, titled “the Great Recovery.” The report gave an overview of its forecasts for growth rates, budget deficit, performance of economic…