Latest Business News
MOPCO 1 and 2 expansion to be completed by early 2015 through $1.9bn in investments
The MOPCO 2 project will increase the company’s productive capacity to over…
Talks on applying VAT ongoing: Finance ministry
Egyptian government struggles to increase its revenue through reforming tax system and…
Government prepares new economic stimulus package: Finance Ministry
The new package aims to revitalise and expand the activities of the…
EGPC tracking distribution of fuel through GPS to prevent smuggling
EGPC's inability to follow-up on the fuel distribution process made it face…
High occupancy in Red Sea and South Sinai pre-Eid Al-Fitr: Hotels Chamber
Occupancies in the Red Sea increased to 70% and South Sinai to…
Rise of interest rate to have limited effect on stock market: Experts
Economic experts give different reasons for the limited impact of the interest…
7 banks raise interest rates on deposits after Central Bank decision
A recent CBE decision saw an increase in the benchmark overnight deposit…
National Bank of Egypt, Banque du Caire, and Banque Misr increase returns on savings certificates
A number of government banks raise returns on savings certificates to attract…
Egyptian banks show ‘impressive growth’ but fall short in Tier 1 capital: The Banker’s report
Tier 1 capital, a core measure of a bank’s financial strength, of…