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Arab African International Bank posts profits rise of 4 % in 9 months
Arab African International Bank’s (AAIB), an international bank based in Egypt, has posted an increase in profits…
Compensation paid by Egypt’s insurance companies 16.3% up in 8 months
Compensation paid to clients by insurance companies operating in Egypt surged 16.3 percent during the first 8…
Egypt’s Arab Contractors vying for 4 African infrastructure projects
Egypt’s state-owned construction firm, Arab Contractors is competing to execute four infrastructure flagships in a…
Egypt allocates EGP650mn to develop Qalyubia
Egypt has allocated 650 million Egyptian pounds in FY2019/2020 budget to Qalyubia governorate in order to develop…
Kuwaiti fund clinches $85mn deal to finance road flagship in Egypt
Kuwait Fund for Arab Economic Development (KFAED) signed an agreement worth KD26 million ($85.3 million) with Egypt…
Banque du Caire to raise SMEs loan portfolio to EGP 14bn year-end
Banque du Caire is planning to increase its small and medium-sized enterprises (SMEs) loan portfolio to 14 billion…
Egypt’s food company Juhayna profits fall 18.6% in 9 months
Egypt's Juhayna Food Industries’ profits dropped 18.6 percent during the first nine months of this year, recording…
Egypt might opt for new IMF loan in March if needed – minister
Egypt's Minister of Finance Mohamed Maait told Ahram Online that Egypt might opt for a new IMF loan deal by March…
UNESCO adopts Egypt’s initiative for combating cultural property trafficking
The UNESCO executive board adopted during its 207 session an Egyptian initiative for reinforcing a 1970 accord on…
Glovo eyes 50% of Egypt’s online delivery services in 18 months
Spanish startup Glovo targets 50 percent of the online delivery market in Egypt within 18 months and intends to…