Would the global trade come to a standstill as supply chain crisis worsens?
The US-China trade war, climate change, and the global pandemic have started a disruption in supply chains that…
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FAB begins share transfer in Bank Audi’s Egypt subsidiary acquisition
First Abu Dhabi Bank (FAB) has begun the share transfer process in its acquisition of 100 percent of Bank Audi's…
Egypt’s balance of payments reaches $1.5bn surplus in H2 2020: CBE
Egypt’s balance of payments (BOP) recorded an overall surplus of $1.5bn in H2 of 2020, compared to a deficit of…
Current account deficit widens 66.9 % during H1 of FY20/2021, CBE
The current account deficit rose by 66.9 percent to record $ 7.6 billion during the First Half of FY…
Egypt successfully refloated Ever Given that blocked Suez Canal almost a week
Egypt announced on Monday that the Panamanian container ship has been successfully re-floated, according to Admiral…
Egypt’s long-time women rights fighter Nawal El Saadawi passes away at 90
Nawal El Saadawi who was often perceived as the most radical feminist in modern day Egypt has passed away at 90.
EBRD approves $100 mln financing package to Banque Du Caire for Egyptian MSMEs
Banque du Caire received on Wednesday $100 million financing package from the European Bank for Reconstruction and…
Egypt to launch vehicle replacement initiative before March-end, minister
Egypt's plans to replace obsolete cars manufactured 20 years or more with locally-manufactured ones operating on…
National Bank of Egypt chairman named among Forbes Middle East’s Top 100 CEOs list
Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list has included…
EFG Hermes’ Karim Awad named among Forbes Middle East’s Top 100 CEOs list
Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list has included EFG…
Non-oil private sector activity in Egypt continued to contract in January
Non-oil private sector activity in Egypt continued to contract in January, albeit at a slower pace as falls in…
HC Securities expects CBE to keep interest rates on hold
HC Securities & Investment expected the CBE to keep the current interest rates based on its projections for…
EIB, Banque Misr sign €425 million loan to support Egypt SMEs
Banque Misr has signed on Tuesday a loan agreement worth €425 million ($515.2 million) with the European Investment…
Egypt assigns EGP 236m for Bahr El-Baqar wastewater treatment plant
Egypt has allocated 236 million Egyptian pounds ($15.1 million) to support the National Organisation for Potable…
Egypt’s MSMEDA finances small, micro-enterprises in Qena with EGP 37m during November
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) financed 539 micro- and small-sized…
Egypt confirms 362 new coronavirus cases, 13 deaths on Friday
Egypt reported 362 new coronavirus cases on Friday bringing the total infection tally to 112,318 since the outbreak…
Daily Coronavirus cases tally reaches highest level in more than 3 months
The Health Ministry reported 239 new covid-19 infections yesterday, the most daily cases reported since 31 July.
Saudi Arabia considers investing in Egypt in cooperation with Sovereign Fund of Egypt
Saudi Arabia’s sovereign wealth fund is considering investing in Egyptian projects alongside the Sovereign Fund of…
After CIB’s godfather resignation, who is doing what at the bank’s helm?
After Hisham Ezz Al Arab, the long-term chairman and managing director of the Commercial International Bank (CIB),…
Egypt will manage 90% of its imports and exports electronically by January 2021
90 percent of Egyptian imports and exports will be managed electronically by January 2021 in a bid to speed up…
Egypt’s newly-elected Senate to hold procedural opening session Sunday
Egypt's Senate will get down to business on Sunday by holding an opening procedural meeting after its election in…
Egypt’s fiscal position may not be hard hit by Covid-19, IMF
The affect of COVID-19 pandemic on the Egyptian government’s finances may not be as hard as previously feared,…
Famous Egyptian actor Mahmoud Yassin passes away at 79
Veteran Egyptian actor Mahmoud Yassin passes away on Wednesday at the age of 79 after long struggle with illness.
Egypt’s PMI expands for 1st time in 14 months, non-oil private sector grows
Egypt’s non-oil private sector grew in September, its first expansion in 14 months and a sign Egypt may be over the…
Paris put on ‘maximum alert’ with more Covid-19 restrictions to come
Paris and its surrounding suburbs have been put on “maximum alert” Monday as coronavirus cases surge in the city.
Umrah Pilgrims return to Mecca as Saudi eases coronavirus restrictions
Mecca slowly eases restrictions of a seven-month coronavirus lockdown on Sunday as pilgrims trickled in after…
European stocks choppy, U.S futures fall after chaotic presidential debate
European stocks traded choppy and U.S. equity futures fell on the last trading day of the month and quarter, with…
Official coronavirus death toll likely an ‘underestimate’ of the true total: WHO
The official death toll of the coronavirus pandemic is likely lower than the true total, the World Health…
Egypt 1st in line among African countries to receive a Chinese Covid-19 vaccine
Egypt is first in line among African countries to receive a Chinese vaccine against covid-19, China’s ambassador in…
Bahrain’s Bank ABC starts due diligence on Blom Bank Egypt
Bahrain-based The Arab Banking Corporation (ABC) has started due diligence on Blom Bank Egyptahead of submitting an…
Scientists completes a 3D facial reconstruction of an Egyptian ‘mummy…
Austrian and German scientists have completed a 3D facial reconstruction of a boy mummy that bears a striking…
Key global currencies rates in Egyptian banks on September 27
Amwal Al Ghad on Thursday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Egypt confirms 112 new coronavirus cases, 18 deaths on Friday
Egypt reported 112 new coronavirus cases on Friday bringing the total infection tally to 102,625 since the outbreak…
Foreign investment in Egyptian T-Bills rises to EGP 172 bn by July-end
The Central Bank of Egypt (CBE) said that foreign investments in Egyptian treasury bills (T-Bills) rose by the end…
Key global currencies rates in Egyptian banks on September 24
Amwal Al Ghad on Thursday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Gold prices in Egypt drop EGP 3, 21-carat gold at EGP830 per gram
Gold prices in Egypt today declined by 3 Egyptian pound, the price of 21-carat gold, the most popular in the local…
Gold prices in Egypt fall by EGP 11, 21-carat gold at EGP848 per gram
Gold prices in Egypt today declined by 10 Egyptian pound, the price of 21-carat gold, the most popular in the local…
Key global currencies rates in Egyptian banks on September 17
Amwal Al Ghad on Thursday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Sisi opens Egyptian-Japanese University for Science and Technology in Alexandria
Egypt’s President Abdel-Fattah El-Sisi opened the Egyptian-Japanese University for Science and Technology in…
GB Auto official distributor of US Goodyear Tires in Egypt
EGX-listed GB Auto has been given the distribution rights for Goodyear tires in Egypt as the American tire…