US Senator to Block Aid to Egyptian Military over ‘Sham Trial’
US senator Patrick Leahy, chairman of the Senate subcommittee that oversees foreign aid, said on Tuesday he would…
Egypt Cabinet Ratifies AFESD’s $200mn Loan for Walidia Thermal Power Plant
Egypt’s government endorsed on Tuesday a $200 million loan agreement signed with the Arab Fund for Economic and…
Egyptian Dairy Domty Aims to Float 30% of Company within 2 Yrs
Arabian Food Industries Co (Domty), one of Egypt's top dairies, plans to float 30 percent of the company in an…
Egypt Can Get Electricity from Ethiopia with Dam Completion: Ethiopian Minister
The Ethiopian foreign minister, speaking Tuesday at a forum addressing his country's Nile water rights, asserted…
ABC Bank Egypt: Net Profit Jumps 119.5% in 2013
Egypt’s Arab Banking Corporation (ABC Bank) reported a 119.5% leap in its net profit to EGP 96.6 million during…
Egypt Shares Lose EGP1.8 bln on Tuesday
Egyptian shares ended lower on Tuesday, incurring losses of 1.8 billion Egyptian pounds since local investors’…
CBE Accepts EGP45 bln from Banks at 39th Deposit Operation Bid
Egypt’s Central Bank(CBE)accepted today 45 billion Egyptian pounds of domestic surplus liquidity from local banks…
EFSA: Insurance Firms’ Underwritten Premiums Hit EGP382.5mn in Dec
The Egyptian Financial Supervisory Authority (EFSA) revealed that insurance companies attained EGP382.5…
Citadel Capital Says to Establish a new Energy Entity
Citadel Capital (CCAP.CA), the leading investment company in Africa and the Middle East, announced on…
Suez Canal Bank Eyes 50% Growth in Assets in 3 Years
Egypt’s Suez Canal Bank plans to boost its market shares by increasing assets with 50% by the end of 2016, chairman…