Arab Banks’ Assets Have Exceeded US$2.7 Tln; Says Barakat
By virtue of a strong financial position, liquidity and profitability, the Arab banks attained average growth rates…
Egyptian Banks’ Growth Rates Hit 13% in 2012, Enjoying High Liquidity
Chairman of the National Bank of Egypt (NBE) Hisham Okasha asserted that the position of the banks which are…
Fawry Negotiating with 7 Banks to Provide Re-Charging E-Wallet Portfolio
Fawry Electronic Bill Service is negotiating with seven banks operating in the local market in order to provide…
Egypt Shares Continue Losing Streak, End Week Lower
Egyptian stocks ended lower for the fifth session in a row incurring losses totaled EGP 317 million driven by local…
OTMT Posts EGP1.23 bln Consolidated Profit in 9 Months
Orascom Telecom Media and Technology Holding (OTMT.CA) reported on Thursday its consolidated financial results for…
Russia Eyes Bolstering Tourism Cooperation with Egypt As State of Emergency is Over
Moscow is confident that the scale of tourism cooperation with Egypt will be restored after the lift of the state…
Building materials hammering prices, expected to remain relatively constant
Tamer Fouad, Business Development Manager for MENA Region at Consolis Group - ECPC:Consolis/ ECPC total investments…
AUB to Open Fresh Letter of Credit $130mln to Export Petroleum Products
Ahli United Bank (AUB) has approved to open new letter of credit for one of the companies operating in petroleum…
Egypt Shares Gain EGP791 mln at Midday
Egyptian stocks posted gains of EGP 791 million during the midday session of Thursday backed by local net buyers.…
CBE Offers its last FX Auction of this week with US$40mln
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction of this week totaled US$ 40…