Credit Agricole’s mortgage arm achieves $30.6mn funds in 2015
Credit Agricole Egypt’s mortgage company Egyptian Housing Finance Co. (EHFC) declined by 14 percent to record…
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Russian plan crash incurs EgyptAir losses of $76.5mn: Chairman
The Egyptian state-owned aviation company Egypt Air incurred losses estimated at 600 million Egyptian pounds…
Egypt’s National Bank injects $2.5mn to float debts of paper firm
The National Bank of Egypt (NBE) has pumped 20 million Egyptian pounds (US$2.5 million) to float the debts of a…
Shell vows more cuts as annual profit sinks on weak oil prices
Royal Dutch Shell (RDSa.L), Europe's largest oil company, reported its lowest annual income in at least 13 years on…
Egypt’s FEP Capital awarded best direct investment firm
London’s International Finance magazine presented Egyptian company FEP Capital with the awards for best direct…
NBE reaches $32mn-debt settlement with gas firm
Egypt's National Bank of Egypt (NBE) has reached a debt settlement agreement with a gas company worth 250 million…
Petrobel ups its investments to $1.1 billion in FY2015-16 budget
Egypt-based joint-venture company Belayim Petroleum – Petrobel is to increase its investments to US$1.1 billion,…
GIG Insurance named best non-life insurance company in Egypt
Arab Misr Insurance Group (GIG) has been awarded as the best non-life insurance company in Egypt for 2015 by Global…
British TUI lowers 2016 outlook due to situation in Egypt
Travel company TUI AG (TUI1.XE) Thursday reported a 22% rise in underlying operating profit, above expectations,…
Yahoo transfers its stakes in Alibaba to new internet business company
Yahoo Inc said it scrapped a plan to spin off its stake in Alibaba Group Holding Ltd, citing tax concerns. Yahoo's…
