US Dollar Inches Higher On Egyptian Central Bank’s 55th FX Auction
The US dollar’s price against the Egyptian pound increased by a half piaster on Thursday in banks to reach EGP…
Egypt Opens Its 1st Nanotech Center At EGP 235 Mln
Egypt’s Minister of Information and Communication Technology (ICT) Eng. Atef Helmy, has opened on Thursday two…
Food Industries’ Exports Attained EGP4.4 bln In Q1 of 2013
The value of the Egyptian exports of food industries climbed 3% in the first quarter of 2013, recording EGP…
Abu Dhabi Islamic Bank – Egypt Announces Q1 2013 Financial Results
The Q1 financial results for Abu Dhabi Islamic Bank – Egypt (ADIB – Egypt- Previously the National Bank for…
S&P Cuts Egypt’s Sovereign Credit Rating To ‘C’
Standard & Poor's said on Thursday it lowered Egypt's sovereign credit rating to 'C' from 'B' with a stable…
Egypt’s Urban Inflation Rises, Seen Increasing Further
Egypt's urban consumer inflation accelerated to 8.1 percent in the year to April, statistics agency CAPMAS said on…
Morsi’s Assistant Pinpoints 4 Key Pivots For Brazil Visit
Prof. Pakinam El Sharkawy, Assistant to the Egyptian President for Political Affairs, had pinpointed four principal…
Orascom Telecom Says Not Notified Of Djezzy Talks Stoppage
Orascom Telecom Holding S.A.E. (ORTE.CA) announced on Thursday that the firm has not been notified of the stoppage…
Housing & Development Bank Contributes EGP 300 Mln To Mobinil Loan
Housing and Development Bank (HDB) has approved to contribute EGP 300 million to the EGP 2.9 billion loan arranged…
Sony Makes First Net Profit In 5 Years Despite Falling Demand For Core Products
Sony is back in the black after posting its first full-year net profit in five years. The company made a net profit…