Latest Business News
Package of negative implications pending after hiking interest rate
Financing of companies through non-bank financial markets amongst top beneficiaries
First Egyptian factory for sports shoes opened with EGP 60m investments
The factory’s capacity is 120,000 shoes per month, we aim to export,…
Egypt third biggest market for contracts awarded in MENA 2016: MEED report
Egypt was the third biggest market for contract awards in the Middle…
Government banks rule out offering new savings certificates with return of 25%
NBE meets at end of the week to determine the fate of…
Egyptian pound fist to fist with US dollar yet again
Local currency began appreciating again by 21 piastres in four days, market…
Arab African International Bank increases Golden Saving Account rates to 14% annually
The Arab African International Bank (AAIB) raised the interest rates for the…
NBE does not intend to issue bonds on foreign markets: vice chairperson
We aim to offer the bonds with a suitable return and the…
United Bank to reduce its troubled debt portfolio to less than EGP 2bn by 2017 end: chairperson
The bank seeks to increase its profits by more than 100% by…
Analysts expect negative effects on EGX after raising interest rates
Continuation of increased interest on savings threatens the attractiveness of stocks: experts
EGX ranks third best performing Arab stock market amid expectations of continued progress
KSE tops the list, QSE tails, six Arab bourses suffer losses, including…
