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Business
EBRD, partners acquire Egypt’s Adwia Pharmaceuticals
The European Bank for Reconstruction and Development (EBRD) announced the acquisition with other partners of…
Egypt to receive €132.8 mln from Germany to implement 11 projects
The Ministry of International Cooperation and the German Agency for International Cooperation (GIZ) agreed to…
Egypt’s CIB bank postpones Q3 results release until internal review completes
Commercial International Bank (CIB), one Egypt’s largest private banks, said on Sunday it would postpone the…
Cairo Public Transport Authority launches an EGP3bln policy tender for assets
The Public Transport Authority of Cairo has launched a public insurance policy tender among non-life insurance…
Elsewedy Electric signs $90M agreement for information traffic system
Elsewedy Electric’s subsidiary Elsewedy Electric for Trading & Distribution signed a new $90 million agreement…
Egypt to expand PPP projects with private sector in transportation, minister
Egypt will expand in transportation projects based on the public-private partnership (PPP) to achieve inclusive and…
Saudi Arabia grants EGP100 mln to AlexBank to support Egypt SMEs
The Saudi Grant Management Committee has provided a grant worth 100 million Egyptian pounds to the Bank of…
Abu Dhabi Islamic Bank Egypt posts net profit growth in Q3
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) said on Sunday that its net profit for the third quarter of the year rose…
Remittances from Egyptians abroad rose to $7.9 billion in Q3-FY2019/20
Remittances from Egyptians working abroad amounted to around $7.9 billion in the third quarter of financial year…
Egypt, Tunisia eye joint bank to lure investment in each other’s economies
Egypt and Tunisia are expected to launch plans for a joint bank, head of the Egyptian Trade Representative's Office…
