Latest Business News
NBE, Banque Misr invest EGP 3bn in EGX
Both banks to offer 1-year saving certificates with 15% yield on Sunday
FRA sets 6-month time limit for Federation for Securities to hold internal elections
Constituent committee to hold elections online
WBG expands its financial commitment to combat COVID-19 to $14bn
It’s essential that we shorten the time to recovery, says Malpass
Remittances in Egypt reach $26.8bn in 2019: CBE
The CBE added that remittances in the second half (2H) of 2019…
General budget bears EGP 6bn extra expenses after cutting electricity prices for factories: source
Law allows government to adjust power prices and bear cost difference
EFG Hermes reports EGP 4.8bn revenues, 36% y-o-y net profit increase to EGP 1.4bn in 2019
Revenue growth of 20% y-o-y was supported by strong results at both…
Limited interest rate reductions on banks’ certificates despite CBE rate cut
NBE, Banque Misr reduce interests of variable-return certificates only, hold them on…
Limited positive impact on fiscal maneuverability after rates cut, yet downside risks remain: Beltone
Beltone analysts maintain average inflation expectations of 6.5%, which should keep headline…
Facebook launches Arabic third-party fact-checking programme in partnership with Fatabyyano in MENA
As the impact of COVID-19 has spread around the world, Facebook’s third-party…
Easyjet to repatriate British travellers despite Egypt’s air travel suspension over coronavirus
We're very aware how frustrating British citizens situation, says UK ambassador