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CBE increases capped loans limit for mortgage finance to 10 %
The Central Bank of Egypt (CBE) has upped the capped loans limit for mortgage finance from five percent to 10…
MAK Group’s unit to invest EGP 500m in a new hotel
MAK Investments Holding, a subsidiary of Mohammed Abdulmohsin Al Kharafi and Sons Company (MAK Group), signed a…
Egypt posts trade exchange $5.3B with the world in 11 months
Egypt posts a total trade exchange with the countries of the world during the first eleven months of 2019 hit…
Egyptian expat remittances up by 12.1% in five months: CBE
Remittances from Egyptian expats went up by 12.1 percent during first five months of FY2019/2020, from July to…
Egypt’s BDC net profits jump 60% during 2019
Banque du Caire’s (BdC) net profits jumped 60 percent year on year to record 4 billion Egyptian pounds in 2019,…
Nestlé’ Egypt says started a recycling project two months ago
Nestlé’ Egypt, part of Swiss food giant Nestlé’, said on Monday that it had started operating a project for…
Kent College to open its first campus in Orascom Development’s flagship
Orascom Development Egypt (ODE) has signed a School Development Agreement with a private investor to develop a K-12…
Sharm El Sheikh receives 2 UK flights in 4 years
Sharm El Sheikh International Airport received two TUI flights coming from the UK, for the first time after…
Egypt eyes increasing financial allocations for health, education in FY 2020/21
Finance Minister Mohamed Maait has said that the government is aimed at increasing financial allocations during the…
Egypt’s economy can weather foreign crises: Amer
The Governor of the Central Bank of Egypt (CBE) Tarek Amer has stressed that Egypt’s economy has become stronger to…