CBE Requests EGP50 bln from Banks in 20th Auction of Deposit Operation
The Central Bank of Egypt (CBE) has demanded around EGP50 billion domestic surplus liquidity from the banks which…
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Petroleum Signs $ 22.5 mln Agreement for exploration in Suez Gulf
Egypt's Minister of Petroleum & Minerals, Eng. Sherif Ismail has signed new petroleum agreement for the…
Telecom Egypt Contracts with CIB to Provide E-Tie Up, Data Center Services
Telecom Egypt (TE)(ETAL-CA) has contracted with the Commercial International Bank(CIB) in order to provide…
Arabsat to Launch Second 6th generation satellite in Egypt by 2015
Arab Satellite Communications Satellite Communications Organization (Arabsat) is planning to launch the second…
Egypt, Cyprus Ink Framework Agreement for oil and Gas Investments By Dec 19
The President of Cyprus N. Anastasiades stated that Cyprus is aiming to enhance the bilateral commercial…
NBE Issues $460 mln Letters of Credit for EGPA to Import Kuwaiti oil
The National Bank of Egypt (NBE) has issued $462 million letters of credit in favor of the Egyptian General…
Arab Misr Insurance – GIG Attains EGP87.6 mln Written Premiums in 3 Months
Alaa El-Zoheiry, managing director of Arab Misr Insurance Group – GIG Egypt, said his company succeeded in…
IDWBE Cuts 10.25% Yearly Revenue of Three Year El ‘Tanmya’ Saving Certificates
Industrial Development and Workers Bank of Egypt (IDWBE) has decided to cut interest rates of the three year El…
Telefonica CEO Quits Telecom Italia Board on Brazil Conflict
Alierta and Julio Linares, a former chief operating officer, resigned with immediate effect as Telefonica considers…
Microsoft Losing Mollenkopf Shows Challenge of CEO Hunt
Microsoft Corp. (MSFT) co-founder Bill Gates told shareholders last month the software maker’s chief executive…