HBTF distributes cash dividends at a rate of 25%
The Housing Bank for Trade and Finance (HBTF) will distribute 25 per cent in cash dividends this year following the…
GCC economy “returns to normal” after 2011 high growth
The economies of Gulf hydrocarbon producers are projected to return to normal growth rates of around four per cent…
Tantawi to determine “Constituent Assembly” Destiny Today
Field Marshal Hussein Tantawi, SCAF’s Chairman, will determine today the constituent assembly’s destiny during a…
GCC bank provisions soar 59% in Q4
Banks in Gulf oil producers are pushing ahead with a drive to build up loan loss provisions in the wake of the 2008…
Egypt’s GASC Buys 120,000 Tons US, Argentine Wheat
Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Wednesday it bought a…
PNA, Egypt agree to run Gaza power plant on Egyptian gas
The Palestinian National Authority (PNA) and Egypt struck a deal to operate the power plant in the Gaza Strip on…
Facebook’s “IPO” Halts its Shares’ Trading
Facebook (FB), is halting the trading of its shares on secondary markets by the beginning of April as it prepares…
Orascom Supports Djezzy and Appeals Algeria Court Rulings
An Algerian court fined the CEO of Vimpelcom's local mobile phone unit Djezzy 93 billion dinars ($1.3 billion) on…
Seizing Hacker’s Servers in US
Microsoft said that cybercrime "command" servers in two US states have been seized in an ongoing campaign to sever…
British Council Organizes Mini-Olympic Day
Mini Olympic Games - organized by the British Council in partnership with the Egyptian Olympic committee -…
AfDB 2023