Tag: Finance

Abraaj open to offers for shares of Cairo Medical Centre, Cairo Investment and Real Estate Development (CIRA): Managing director

Abraaj Capital Group is monitoring new direct investment opportunities to acquire companies…

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National Bank of Egypt raises retail banking portfolio to EGP 35bn: Head of sector

Bank aims to raise its retail banking portfolio in FY 2014/2015 as…

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Sawiris-Beltone 20% acquisition of Hermes will not be implemented ‘chaotically’: EFG Hermes Chairman

Head of EFSA says oversight body is currently studying documents submitted to…

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EGAS still awaiting $1bn from finance ministry to import gas for electricity: EGAS

EGAS has yet to sign with two oil companies to supply 12…

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Property law approved, expected to raise EGP 3bn: Government officials

Tax rate applied will be 10% of the units’ rental value

Sara Aggour Sara Aggour

EGP 45.5bn growth in deposits during 1Q 2014: CBE

Total government deposits at the end of March were EGP 169.412bn, decreasing…

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Fiscal deficit to remain in double digits, inflation unlikely to rise: CitiBank

Economy remains weak with consumption under pressure and investment affected, the report…

Sara Aggour Sara Aggour

Decision on stock market tax is ‘final and irreversible’: Finance minister

Dimian estimates that proceeds to the treasury from the new tax will…

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Public finances remain weak, Sisi’s win does not alter ratings: Fitch

“A very high turnout might have enhanced the legitimacy of the return…

Sara Aggour Sara Aggour

No train fines applied Tuesday, citizens encouraged to vote: Transportation minister

Ministry aims to facilitate the process of reaching polling stations for citizens,…

Sara Aggour Sara Aggour