Turkey to send delegation to Egypt in May, its foreign minister says
Turkey will send a delegation led by its deputy foreign minister to Egypt in early May, Foreign Minister Mevlut…
EFG Hermes: Arab Investment Bank valuation pegged at EGP 1.1 billion
EFG Hermes said on Wednesday that the Arab Investment Bank (aiBank) had been valued between 900 million Egyptian…
Veteran Egyptian journalist Makram Mohamed Ahmed passes away at 86
Veteran Egyptian journalist Makram Mohamed Ahmed died on Thursday at the age of 86.
Egyptian President approves €1.88bn loan for monorail lines
Egyptian President Abdel Fattah al-Sisi approved a €1.88 billion loan agreement to finance the construction of two…
Egypt’s SODIC picks advisors for UAE Aldar-led acquisition offer
Egyptian property developer SODIC said board decided to appoint EFG Hermes and an international investment bank as…
Amazon Payment Services waives service fees for Egypt SMEs to support c.bank initiative
Amazon Payment Services, a payment processing service in the Middle East and North Africa (MENA) region, announced…
Egypt’s stocks finish lower on Wednesday, benchmark EGX 30 tumbles 1.85%
Egypt’s stock exchange’s (EGX) indexes ended lower on Wednesday, with the benchmark EGX 30 index tumbling 1.85…
National Bank of Egypt pretax profits hit EGP30.6 bln in FY2019-2020
State-owned National Bank of Egypt (NBE) reported on Tuesday profits before tax of 30.6 billion Egyptian pounds…
Telecom Egypt, Sudanese telecom operator sign MoU to enhance international connectivity
Telecom Egypt and Sudatel Telecom Group (STG) signed a memorandum of understanding (MoU) to boost cooperation in…
Egypt’s Banque Misr net profit climbs 29% in FY2019/20
Egypt’s Banque Misr reported on Tuesday a 29 percent year-on-year increase in net profit in the financial year that…