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NBE’s credit portfolio increases 450 bln pounds in May 2018: Abou el-Fotouh
National Bank of Egypt (NBE), the country’s largest state bank, announced that its credit portfolio increased to…
CRC to deliver 1,000 housing villas in Egypt’s new capital at end-2020
Egypt’s Construction and Reconstruction Company (CRC), an affiliate to Dorra Group, says it seeks to complete…
Housing Ministry on track to execute water, sewage plants in Upper Egypt
Egypt’s First Deputy Housing Minister said Sunday the ministry is carrying out drinking water and sewage stations…
Egypt’s annual urban inflation falls 11.4% in May: CAPMAS
Egypt’s annual urban consumer price inflation fell by 11.4 percent in May, down from 13.1 percent in April, the…
Egypt to raise electricity bills by 30% in July
Since July 2014, the government has embarked on plans to liberalise electricity prices and eliminate subsidies, the…
Egyptian government alerted ahead of Eid al-Fitr
As Eid al-Fitr, the government is intensifying its preparations in Cairo and the governorates by declaring…
Stamp duty hits Egyptian stocks, EGX 30 falls 3% in week
Egypt’s main stock index EGX 30 tumbled 3 percent in a week as authorities started last week applying the second…
Industrial Development Bank finances Egypt’s first agricultural commodities bourse
Egypt’s state-run Industrial Development and Workers Bank (IDWBE) says it is solely financing the country’s…
Banque Misr’s leasing unit to start factoring services in Q1 2019 – CEO
BM Lease Company, jointly owned by Egypt’s second largest public bank Banque Misr, expects to begin offering…
Egypt to set up 1st sovereign fund by end-2018: al-Saeed
Egypt is set to launch its first sovereign fund by the end of the year and will start a promotional tour in the…