Guides & Analytics
Egypt Tourism Suffers Amid Unrest
Egypt’s tourism industry has been severely hit during the nearly two-years of political unrest in the country. Vendors, shopkeepers and small businessmen are some of…
New Egypt Seeks Tight Relations with Hezbollah, Envoy To Lebanon Says
Egyptian Ambassador to Lebanon Ashraf Hamdy says his country plans to forge "tight" relations with the Lebanese resistance group Hezbollah. “You cannot discuss…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging between 3 and 4 piasters against the Egyptian pound. The…
Ali Shaker Rejects Contract Renewal With EGB
Ali Shaker, CEO and managing director of Egyptian Gulf Bank, will leave his post because his contract will be terminated on December 31st and he does not want to…
1700 Asian Companies Invest In Egypt: Osama Saleh Says
Egypt's Minister of Investments, Osama Saleh, has asserted that the total Asian investments in Egypt are relatively few, compared to the other countries on the…
EGX: Next Tuesday Official Holiday On New Year Beginning
The Egyptian Exchange management announced that Tuesday January 1st, 2013 is an official holiday on the occasion of the beginning of a new year. The EGX further…
Piraeus Bank Egypt’s Losses 48.6% Down In 9 Months
Piraeus Bank Egypt’s losses dropped by 48.6% during the first nine months of 2012 to reach EGP 94.2 million at the end of last September, compared to EGP 183.3…
Banque Misr Offers Egyptian Steel Group EGP 275 Mln Bridge Loan
Banque Misr has approved to provide Egyptian Steel Group, owned by the Egyptian businessman Ahmed Abu Hashima, a bridge finance worth EGP 275 million until receiving…