Latest Business News
Korean Embassy invites first Egyptian basketball player playing for a Korean professional team
The first Egyptian player to set foot on Korean basketball arenas will…
FRA approves issuance of securitisation bonds for EFG-Hermes, ValU
It also approved EFG-Hermes’ second securitisation programme — which is worth EGP…
CBE’s acting governor asserts full cooperation with government in common files
This came during a Thursday meeting with Egypt's Prime Minister Mostafa Madbouly,…
Hassan Abdalla named Acting Governor of Central Bank of Egypt
Al-Sisi meets Abdalla, stresses need to develop monetary policy in line with…
CBE to discuss raising key interest rates on Thursday
Market expectations vary regarding the upcoming decision of the MPC
Anticipation prevails across money market; all await decision on interest rates
EGX30 is expected to rebound to 10,200 points
Federation of Industries confirms need for new monetary policies to promote industrial investment
Manufacturers demand opening documentary credits for imports in banks
35.8% decrease in Egypt’s trade deficit in May 2022
The trade deficit reached $2.61bn during May 2022, versus $4.06bn in May…
EFG Hermes reports 28% revenue growth y-o-y to EGP 2.1bn in 2Q 2022
It translated into a Group net profit before tax of EGP 623m,…
Adoption of new rules for corporate bond settlement is step towards activating secondary market
Step contributes to reducing time for settlement of corporate bond transactions: Rashid