EGX30 expected to continue moving sideways to 7,800-8,020 points: analysts

Technical analysts predicted that the Egyptian Exchange (EGX) would move sideways, leaning towards a decline, amid decreasing trading volumes this week. Moreover, they said the index should range between 7,800…

Daily News Egypt

Raneem El-Welily and Karim Abdel Gawad crowned champions at 2016 Al-Ahram Squash Open

Egyptian squash players witnessed another victorious day on 23 September at the final matches of the 2016 Al-Ahram Squash Open. The first match of the day took place in the…

Maya Nawar

One of world’s most dangerous sharks appears in Sharm El-Sheikh

The Oceanic whitetip shark appeared in Ras Nasrani near snorkelling tourists on Friday

Menan Khater

Fawry contracts with 12 banks for e-payments via mobile phone

We began launching the service with a number of banks and will soon be activated with others, says Fawry CEO

Hossam Mounir

311 ships transit the Suez Canal in the past week, carrying 18.28m tonnes

Suez Canal traffic data showed that 311 ships transited the canal, with a total load of 18.28m tonnes, from 16 to 22 September 2016. An average of 44.43 ships transited…

Mohamed Ahmed

Informal economy wastes billions of pounds: EBA secretary general

Activation of partnerships between private and public sector became necessary

Badway Shalaby

NBE prepares to launch international bonds worth $600m in international markets

Industrial sector acquires 18% of SMEs’ loans; NBE targets to double them

Asmaa Nabil

Train of tax reform stops in the middle of the trip

Intense focus on the issues associated with the programme presented to the IMF at the expense of the rest of aspects

Ahmed Farahat

Government shrinks role of private sector, relies on itself to reform economy

Decline in private investments to 51% in the reform programme; government controls 53% of bank loans since beginning of the year

Asmaa Nabil