Latest Business News
EGP 3.7bn in electricity consumption bills collected in December
Distribution companies collected EGP 3.7bn; EGP 1.6bn in arrears owed by government…
Largest 10 banks acquired 72.11% of total deposits until September 2016: CBE
The share of the largest five banks of total deposits reaches 58.9%;…
McDonald’s prunes its China business
US fast-food giant McDonald's is selling a majority stake in its China…
Mercedes now largest premium carmaker?
German carmaker Daimler has shifted into higher gear in the past months…
Volkswagen executive arrested in US: report
"The New York Times" has reported that Oliver Schmidt, a Volkswagen executive,…
SECON intends to inject EGP 2bn in Egypt through 2017
Exchange rate gaps must be calculated quickly to spare construction companies losses,…
Real estate marketers demand that Beit Al-Watan prices be decreased by 30%
The New Urban Communities Authority considers reducing the price per metre over…
HDB conducting public lottery for social housing land in January 2017
The Housing & Development Bank is currently conducting a lottery for social…
EGP 188bn in deposits, investments at Egypt Post in H1 of FY 2016/2017
The number of savings accounts increased from 23.1m in May 2016 to…
