Guides & Analytics
BREAKING: Egypt Foreign Reserves up to $17.307 billion in February
Egypt’s foreign reserves rose by US$203 million to US$17.307 billion in February from US$17.104 billion in January, the central bank said on Tuesday. Reserves have…
Egypt’s Sisi Gives Clearest Sign He Will Run for President
Egypt's armed forces chief, Field Marshal Abdel Fattah al-Sisi, has said he cannot ignore calls by the majority for him to run for president. “I cannot turn my back…
SAIB Eyes to Apply Internet Banking Service this Year
Société Arabe Internationale de Banque (SAIB) is aiming applying Internet Banking service for the customers within the current year. An official banking source said…
Coca-Cola Pledges $500 Million of Investment in Egypt
Coca-Cola Co., the world's largest beverage company, plans to inject new investments in Egypt amounting to US$500 million over the next three years, said Ahmet C.…
Smart Village Co Deters Tender to Establish New Hotel
Smart Villages Development & Management Company decided to delay offering RfP of launching a hotel in Smart Village Sixth of October city which schedule to be…
Oil Development Expands in Qarun Petroleum’s Capacity to 600 Barrels Oil Daily
Oil Development Company Chairman Tarek al-Barqatawi said his company finalized developing an integrated production plant that affiliated Qarun Petroleum Company…
Egypt Stock Higher at Midday, EGX30 Nears 7900
Egyptian stocks gained 1.2 billion pounds during midday session of Tuesday powered by foreign buying appetite. Accordingly, Egypt’s main stock index – EGX30…
Egypt’s Public Prosecutor Fully Exonerates Sawiris’ OCI of Tax Evasion Claims
OCI N.V. (Euronext: OCI) announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s Egyptian subsidiary, Orascom Construction Industries…