Moody’s: Egypt Request to Delay IMF Loan Board Meeting Is Credit Negative
In a report issued today, rating agency Moody’s said Egypt’s request to the International Monetary Fund (IMF) to…
Al Baraka Bank Egypt Eyes EGP 143 Mln Net Profit In 2013
Al Baraka Bank of Egypt targets to achieve net profit of EGP 143 million in 2013, compared to expected net profit…
Egyptian-Thai Council Delegation To Bangkok Is Due In April
The Egyptian-Thai Business Council, led by Ali El Korey, and a number of the council's members will travel to…
Al Mohandes Insurance To Split Life, Non-life Operations
The Egyptian Financial Supervisory Authority (EFSA) has approved the cancellation of Al Mohandes Insurance…
ElBaradei Calls For Rescinding Draft Constitution Referendum
On Monday morning, the Chairman of the Egyptian Party of Al Dostour (Constitution Party), Mohamed ElBaradei, called…
U.N. Chief Alarmed By Escalating Violence In Syria
U.N. Secretary-General Ban Ki-moon expressed alarm on Sunday at the worsening violence in Syria, including the…
NBE Offers EGP 100 Mln To 50 Brick Factories In Behira
The National Bank of Egypt (NBE) has approved to offer EGP 100 million finance to 50 brick factories in Behira…
Bombs, Blasts Kill 11 In Iraq’s Disputed Areas
Bombs exploded in three towns and villages in Iraq's disputed territories on Monday, killing at least 11 people in…
Egyptian Bourse Gains EGP 218 Mln, Indices Opened Mixed; Monday
During Monday opening session, the Egyptian Exchange (EGX) has posted gains of EGP 218 million. The capital market…
Egypt’s Insurance Premiums Hit EGP 10.562 Bln In FY 2011/12: El-Zoheiry
The Egyptian insurance sector achieved high increase in premiums in the last fiscal year as they reached EGP 10.562…