Latest Business News
NREA to offer tender for solar plant in Kom Ombo, operations to start next year
The French Development Agency is financing the project with €40m
Egypt successfully secures $12bn IMF loan, to be repaid over 10 years at interest rate of 1-1.5%
The economic reform programme is by the Egyptian government for the Egyptian…
Blom Bank enters asset management sector through ‘Blom Egypt for Financial Investments’
The bank works to complete the procedures for establishing the new company…
MCDR sends capital tax files of non-listed companies in EGX to tax authority
MCDR managing director confirms that the files include a number of purchase…
TE’s Q3 profits surpass investment banks’ expectations by 11.9%
Even though net profits of the company during Q3 exceeded expectations, they…
270 ships transit Suez Canal in 6 days carrying 14.9m tonnes
Suez Canal traffic data showed that 270 ships transited the canal with…
CPA refers Pizza Hut to public prosecutor for advertising false prices
The Consumer Protection Agency (CPA) referred Americana Group, owner of the Pizza…
Acumen-Beltone to promote subscription to HDB fund in Q1of 2017
The company is planning to promote the fund among investors from Gulf…
Bank of America advises investors to buy Egyptian treasury bills
The Merill Lynch institution, affiliated to Bank of America, one of the…
IMF loan and proceeds of bonds pushes EGX to restore historic levels
Funding will push the EGX past the foreign exchange fluctuations to target…