Guides & Analytics
Linatel Negotiates with Egyptian Banks to Get EGP16 mln Loan
Hamdy Ellaithy, CEO at Linatel Telecommunications revealed that his company is negotiating with a numbers of banks to obtain EGP16 million loan aiming to expand its…
United Bank Mulls Capital Top-up to EGP2 billion to Finance Mega Projects
Egyptian lender United Bank S.A.E. is considering a capital increase to EGP 2 million within this year from EGP 1 billion, chairman Mohamed Ashmawy told Amwal Al…
CBE Requests EGP50 bln at 33rd Auction of Deposit Operation
Egypt’s Central Bank (CBE) is requesting on Tuesday around 50 billion Egyptian pounds of domestic surplus liquidity from local banks in the 33rd auction for Deposit…
Foreign Currencies Vs Egypt Pound – Early Tuesday
The table below shows the exchange rates of the Arab and foreign currencies against the Egyptian pound on early Tuesday:
Egypt Sees 28% Drop In Tourism In Jan/Feb 2014
The number of tourists visiting Egypt in the first two months of 2014 has dropped 28 percent to 1.3 million in comparison to January and February 2013. The majority…
Egypt Shares Open Lower on Tuesday, EGX30 Solely Falls
Egypt’s stock market started trading lower on Tuesday with losses worth 130 million pounds driven by early local and Arab sell-offs. In return, the country’s main…
Medical Insurance Most Profitable Sectors in Arab Markets – Hazem Al-Madi
The medical insurance in the Arab world is one of the most profitable sectors, Dr. Hazem Al Madi, Technical Adviser to Abu Dhabi-based Green Crescent Insurance…
Egypt’s GDP Grew 1.2 % in First Half 2013/14: Minister
Egypt's economy grew 1.2 % in the first half of fiscal year 2013/14, the minister of planning said on Monday. Ashraf al-Arabi said Egypt had spent EGP 25 billion of…