Guides & Analytics
National Bank of Egypt earmarks $6.4 million to support faltering factories
National Bank of Egypt (NBE), the country’s state-run biggest bank, has secured credit facilities of up to 50 million Egyptian pounds (US$6.4 million) in favour of…
Egypt to appeal $1.76 billion fine to Israel, freezes gas import talks
Egypt is to appeal a ruling by the International Chamber of Commerce to compensate Israel Electric Corporation (IEC) and Eastern Mediterranean Gas Company (EMG) with…
Chinese capital to keep schoolchildren indoors as smog alert returns
Schools in the Chinese capital were ordered Sunday to keep children indoors in the coming days, when the city's notorious choking smog is forecast to return. All…
Cairo stock market starts week bullish with $242mn gains
Egypt's stock market edged higher Sunday with gains estimated at 1.9 billion Egyptian pounds (US$242million) on Egyptians and Arab buying appetites. The market…
Egypt targets FDI worth $10 billion this financial year: minister
Egypt is targeting $10 billion in foreign direct investments for the current financial year, the country's investment minister Ashraf Salman said Sunday. Salman made…
NBE to add 10 new ITMs, open 40 branches by late FY2015-16
National Bank of Egypt (NBE) eyes adding new 10 interactive teller machines (ITM) within the upcoming period, Alaa Farouk -head of retail at NBE- told Amwal Al Ghad…
Banque Misr finalises $250 mln 3-yr loan
Banque Misr, Egypt's second-largest state lender, has raised a US$250 million loan of three years duration designed to use for general funding purposes, the…
Egyptian real estate sector grows 11.6% in 9 months: minister
Egyptian real estate sector is growing rapidly since it grew 11.6 percent within the first nine months of fiscal year 2014-15, Investment Minister Ashraf Salman…